Montevideo, Minnesota Business Gets SBA-Guaranteed Funding from Kleinbank
An SBA loan from Kleinbank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Montevideo, Minnesota business owner got a $149,000 loan.
Getting a small business loan in Montevideo, Minnesota was an essential business goal for this firm back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Kleinbank, operating out of Big Lake, Minnesota. Here are the details on this Minnesota small business loan.
SBA Loan Borrower
COMPANY TYPE: CHIROPRACTORS
MONTEVIDEO, MN 56265
SBA Loan Lender
KLEINBANK
611 ROSE DR
BIG LAKE, MN 55318
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
621310 - Chiropractors
Loan Approval Date
3/17/2006
Loan Approval Gross Amount
$149,000
Loan Approval from the SBA
Of the total $149,000 loan amount, the SBA guaranteed $126,650.
More Information on This SBA Loan
The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs.
Getting an SBA Loan For Your Business
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.
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:
Bank Credit Lines
SBA 7A Lenders in Big Lake, Minnesota
Minnesota SBA 7A Banks