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December 19, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Waverly, Business Loans > Citizens St. Bank - Waverly (inc Waverly Business Loans > Spice And Extract Manufacturing Loan | ||||
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Citizens St. Bank - Waverly (inc
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Citizens St. Bank - Waverly (inc SBA Loan to Spice And Extract Manufacturing CompanyCitizens St. Bank - Waverly (inc has a track record as a leading provider of SBA loans. Find out how this Minnesota entrepreneur received an SBA loan from them. This business knew how to go about getting a business bank loan. Based in Montrose, Minnesota, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was Citizens St. Bank - Waverly (inc, based in Waverly, Minnesota. SBA Loan Borrower COMPANY TYPE: SPICE AND EXTRACT MANUFACTURING SBA Loan Lender CITIZENS ST. BANK - WAVERLY (INC SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan for a small business was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 311942 - Spice and Extract Manufacturing Loan Approval Date 1/21/2005 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. More Information on This SBA Loan The borrower borrowed this money for an existing 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 12 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Citizens St. Bank - Waverly (inc had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Citizens St. Bank - Waverly (inc made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Best Waverly, Minnesota Banks for Small Business
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