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November 15, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Saint Paul, Business Loans > Bankcherokee Saint Paul Business Loans > Public Building And Related Furniture Loan | ||||
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Minnesota Bank SBA Loans
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Bankcherokee SBA Loan to Public Building And Related Furniture CompanySearching for a Minnesota business loan? Here's one Minnesota business loan that was approved by the SBA. This local small business knew how to go about getting a business bank loan. Based in Prior Lake, Minnesota, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Bankcherokee, based in Saint Paul, Minnesota. SBA Loan Borrower COMPANY TYPE: PUBLIC BUILDING AND RELATED FURNITURE SBA Loan Lender BANKCHEROKEE This lender issued this particular SBA small business 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 2531 - Public Building and Related Furniture Loan Approval Date 1/21/2000 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $112,500. 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 7 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. We've showcased information on this loan to let you know that businesses like yours 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. Related Links: Borrowing Money from Friends and Family SBA Approved Banks in Saint Paul, Minnesota Getting a Business Loan in Minnesota
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