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January 22, 2025 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Owatonna, Business Loans > Premier Bank Minnesota Owatonna Business Loans > Lawn And Garden Services Loan | ||||
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SBA Lenders in Minnesota
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Financing for Landscaping ServicesLooking for commercial loans for landscaping services? An SBA loan may be just what you've been looking for. This $125,000 landscaping services loan was issued by a Minnesota bank. This small business knew how to go about getting a business bank loan. Based in Owatonna, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Premier Bank Minnesota, based in Owatonna, Minnesota. SBA Loan Borrower COMPANY TYPE: LAWN AND GARDEN SERVICES SBA Loan Lender PREMIER BANK MINNESOTA This lender issued this particular commercial 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 0782 - Lawn and Garden Services NAICS Code 561730 - Landscaping Services Loan Approval Date 4/20/2001 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $106,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. The loan application did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Premier Bank Minnesota that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: SBA Approved Banks in Owatonna, Minnesota
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