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November 22, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Red Wing, Business Loans > Associated Bank Red Wing Business Loans > Boat Dealers Loan | ||||
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How Do We Get a Business Loan in Red Wing, Minnesota?
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Business Loans for Boat DealersLooking for business loans for boat dealers? An SBA loan may be just what you've been looking for. This $174,000 boat dealers loan was issued by a Minnesota bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Red Wing, Minnesota was able to borrow $174,000 from Associated Bank. The SBA made the loan possible by guaranteeing $130,500 of this Minnesota small business loan. SBA Loan Borrower COMPANY TYPE: BOAT DEALERS SBA Loan Lender ASSOCIATED BANK This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 441222 - Boat Dealers Loan Approval Date 3/30/2001 Loan Approval Gross Amount $174,000 Loan Approval from the SBA Of the total $174,000 loan amount, the SBA guaranteed $130,500. 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 7 employees. The SBA loan documents indicated that the loan would help retain 7 existing jobs. 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. While you may be able to borrow money from friends and family, 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. Related Links: Obtaining Funding From a Venture Capitalist Who Lends Money to Small Businesses in Red Wing, Minnesota Getting an SBA Loan in Minnesota
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