Service Establishment Equipment and Supplies Wholesalers Bank Loans

Looking for bank loans for service establishment equipment and supplies wholesalers? Try the SBA. This $149,000 service establishment equipment and supplies wholesalers loan was issued by a Minnesota bank.

Getting a small business loan in Rice, Minnesota was important for this growing firm back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Bankvista, operating out of Sartell, Minnesota. Here are the details on this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: SERVICE ESTABLISHMENT EQUIPMENT AND SUPPLIES WHOLESALERS
RICE, MN 56367

SBA Loan Lender

BANKVISTA
125 TWIN RIVERS CT
SARTELL, MN 56377

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

421850 - Service Establishment Equipment and Supplies Wholesalers

Loan Approval Date

10/17/2003

Loan Approval Gross Amount

$149,000

Loan Approval from the SBA

Of the total $149,000 loan amount, the SBA guaranteed $126,650.

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 only one employee. This SBA loan request did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need business start up money in Rice MN, you ought to talk with a local Rice SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Rice businesses.

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

Related Links:

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Best Sartell, Minnesota Banks for Small Business

Getting an SBA Loan in Minnesota