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November 22, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Nisswa, Business Loans > Northern National Bank Nisswa Business Loans > Retail Stores Loan | ||||
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Minnesota Bank SBA Loans
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Northern National Bank SBA Loan to Retail Stores CompanyWant a Minnesota business loan? Here's one Minnesota business loan that was approved by the SBA. This growing firm needed an SBA business loan in Nisswa, Minnesota back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Northern National Bank, operating out of Nisswa, Minnesota. Here are the details on this Minnesota small business loan. SBA Loan Borrower COMPANY TYPE: RETAIL STORES SBA Loan Lender NORTHERN NATIONAL BANK This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5999 - Retail Stores Loan Approval Date 1/12/2000 Loan Approval Gross Amount $90,000 Loan Approval from the SBA Of the total $90,000 loan amount, the SBA guaranteed $72,000. 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 5 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Northern National Bank and they will explain how you can get an SBA loan for your company. 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: Find an SBA Lender in Nisswa, Minnesota
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