Northfield, Minnesota Lender Lends Money to Painting And Wall Covering Company

Thinking about meeting with a Northfield, Minnesota bank about an SBA loan? Here's one Minnesota business loan, issued by a Northfield bank, that was approved by the SBA.

Applying for an SBA loan with 1st National Bank - Northfield worked out well for our friends at one local firm in Northfield, Minnesota. They received an SBA loan for $1,000,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: PAINTING AND WALL COVERING
NORTHFIELD, MN 55057

SBA Loan Lender

1ST NATIONAL BANK - NORTHFIELD
329 DIVISION ST
NORTHFIELD, MN 55057

This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235210 - Painting and Wall Covering

Loan Approval Date

6/22/2001

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. This loan was not for a franchise. At the time of the loan, the company had 23 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

We can help you find the best banks for small businesses in Northfield 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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