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November 14, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Big Lake, Business Loans > Kleinbank Big Lake Business Loans > Residential Remodelers Loan | ||||
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Big Lake Bank Loan
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Big Lake, Minnesota Bank Lends Money to Residential Remodelers Company in Norwood, MinnesotaWant to talk with a Big Lake, Minnesota bank about an SBA loan? Here's one Minnesota business loan, issued by a Big Lake bank, that was approved by the SBA. Applying for an SBA loan with Kleinbank worked out well for our friends at one local firm in Norwood, Minnesota. The business was able to get an SBA loan for $25,000. Awesome! SBA Loan Borrower COMPANY TYPE: RESIDENTIAL REMODELERS SBA Loan Lender KLEINBANK The lender provided this loan for a small business through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 236118 - Residential Remodelers Loan Approval Date 6/14/2006 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $12,500. 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 2 employees. The loan application indicated that the loan would help retain 2 existing jobs. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Best Big Lake, Minnesota Banks for Small Business
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