Getting an SBA Loan for Personal Care Services

With these commercial loans for personal care services, the SBA guarantees the lender that the loan will be repaid. This personal care services loan for $457,500 was given to a Minnesota entrepreneur in 2007.

This small business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Signature Bank, out of Minnetonka, Minnesota. The loan was granted and they received $457,500 to help grow their Minnetonka, Minnesota business.

SBA Loan Borrower

COMPANY TYPE: PERSONAL CARE SERVICES
MINNETONKA, MN 55305

SBA Loan Lender

SIGNATURE BANK
9800 BREN RD EAST, STE 200
MINNETONKA, MN 55343

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812199 - Personal Care Services

Loan Approval Date

2/6/2007

Loan Approval Gross Amount

$457,500

Loan Approval from the SBA

Of the total $457,500 loan amount, the SBA guaranteed $343,125.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. This SBA loan request did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

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Good Banks for Small Business in Minnetonka, Minnesota

SBA Lenders in Minnesota