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December 19, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Karlstad, Business Loans > Prime Security Bank Karlstad Business Loans > Full-Service Restaurants Loan | ||||
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Karlstad, Minnesota SBA 7A Banks
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Entrepreneur Works With Karlstad, Minnesota Bank to Get an SBA LoanWant to talk with a Karlstad, Minnesota bank about an SBA loan? Here's one Minnesota business loan, issued by a Karlstad bank, that was approved by the SBA. Applying for an SBA loan with Prime Security Bank worked out well for our friends at one local business in New Brighton, Minnesota. They received an SBA loan for $100,000. Awesome! SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender PRIME SECURITY BANK The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 10/25/2006 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. 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 22 employees. This SBA loan request indicated that the loan would help create 22 new jobs. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $100,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: SBA Banks in Karlstad, Minnesota Where to Get an SBA Loan Minnesota
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