SBA Loans for Retail Bakeries

Looking for SBA loans for retail bakeries? Try the SBA. This $1,000,000 retail bakeries loan was issued by a Minnesota bank.

This small business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Park Midway Bank, out of Saint Paul, Minnesota. The loan was granted and they received $1,000,000 to help grow their North Oaks, Minnesota business.

SBA Loan Borrower

COMPANY TYPE: RETAIL BAKERIES
NORTH OAKS, MN 55127

SBA Loan Lender

PARK MIDWAY BANK
2300 COMO AVE
SAINT PAUL, MN 55108

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311811 - Retail Bakeries

Loan Approval Date

9/27/2002

Loan Approval Gross Amount

$1,000,000

Loan Approval from the SBA

Of the total $1,000,000 loan amount, the SBA guaranteed $750,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 40 employees. The loan application indicated that the loan would help generate 6 new jobs and retain 46 existing jobs.

Start the Process for Getting an SBA Loan Today!

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

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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Small Business Banks in Saint Paul, Minnesota

SBA Lenders in Minnesota