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November 14, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Big Lake, Business Loans > Kleinbank Big Lake Business Loans > Drinking Places Loan | ||||
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Good Banks for Montevideo Business Owners
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Small Business Loans for Drinking PlacesWith these small business loans for drinking places, the SBA guarantees the lender that the loan will be repaid. This drinking places loan for $195,000 was given to a Minnesota entrepreneur in 2006. This company knew how to go about getting a business bank loan. Based in Montevideo, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Kleinbank, based in Big Lake, Minnesota. SBA Loan Borrower COMPANY TYPE: DRINKING PLACES SBA Loan Lender KLEINBANK This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722410 - Drinking Places Loan Approval Date 3/7/2006 Loan Approval Gross Amount $195,000 Loan Approval from the SBA Of the total $195,000 loan amount, the SBA guaranteed $146,250. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. This SBA loan request indicated that the loan would help retain 6 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Small Bank Loans in Big Lake, Minnesota
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