Borrowing Money for Display Advertising

Looking for loans for display advertising? Talk to a banker who works with the SBA. This $30,000 display advertising loan was issued by a Minnesota bank.

This company received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with First National Bank Minnesota, out of Saint Peter, Minnesota. The loan was granted and they received $30,000 to help grow their North Mankato, Minnesota business.

SBA Loan Borrower

COMPANY TYPE: OUTDOOR ADVERTISING SERVICES
NORTH MANKATO, MN 56003

SBA Loan Lender

FIRST NATIONAL BANK MINNESOTA
226 NASSAU ST
SAINT PETER, MN 56082

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7312 - Outdoor Advertising Services

NAICS Code

541850 - Display Advertising

Loan Approval Date

3/27/2001

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $25,500.

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 2 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding 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.

We can help you find the best banks for small businesses in North Mankato or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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.

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