Bank Loans for Services Related to Advertising

With these bank loans for services related to advertising, the SBA guarantees the lender that the loan will be repaid. This services related to advertising loan for $309,000 was given to a Minnesota entrepreneur in 2005.

This company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Venture Bank, out of Bloomington, Minnesota. The loan was granted and they received $309,000 to help grow their New Brighton, Minnesota business.

SBA Loan Borrower

COMPANY TYPE: SERVICES RELATED TO ADVERTISING
NEW BRIGHTON, MN 55112

SBA Loan Lender

VENTURE BANK
5601 GREEN VALLEY DR, STE 120
BLOOMINGTON, MN 55437

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541890 - Services Related to Advertising

Loan Approval Date

2/9/2005

Loan Approval Gross Amount

$309,000

Loan Approval from the SBA

Of the total $309,000 loan amount, the SBA guaranteed $231,750.

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 13 employees. The loan application did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start business in New Brighton MN, you ought to talk with a local New Brighton SBA lender or talk with an out-of-area SBA lender that has previously loaned money to New Brighton businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Venture Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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:

Choosing VC Firms

Banks in Bloomington, Minnesota

SBA Minnesota Lenders