Hobby, Toy, and Game Stores SBA Loans

Looking for SBA loans for hobby, toy, and game stores? An SBA loan may be just what you've been looking for. This $77,650 hobby, toy, and game stores loan was issued by a Minnesota bank.

This business knew how to go about getting a business bank loan. Based in Rochester, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Olmsted National Bank, based in Rochester, Minnesota.

SBA Loan Borrower

COMPANY TYPE: HOBBY, TOY, AND GAME STORES
ROCHESTER, MN 55901

SBA Loan Lender

OLMSTED NATIONAL BANK
975 34TH AVE
ROCHESTER, MN 55901

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide debt financing to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451120 - Hobby, Toy, and Game Stores

Loan Approval Date

7/13/2006

Loan Approval Gross Amount

$77,650

Loan Approval from the SBA

Of the total $77,650 loan amount, the SBA guaranteed $66,003.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This SBA loan was for $77,650. How would you spend $77,650 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Small Business Credit Cards

Best Rochester, Minnesota Banks for Small Business

Minnesota SBA 7A Lenders