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November 15, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Maple Lake, Business Loans > Security St. Bank - Maple Lake Maple Lake Business Loans > Meat Markets Loan | ||||
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MN Business Loans from Security St. Bank - Maple Lake
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SBA Loan from Security St. Bank - Maple Lake Helps Meat Markets CompanyAn SBA loan from Security St. Bank - Maple Lake typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Rogers, Minnesota business owner got a $150,000 loan. This business knew how to go about getting a business bank loan. Based in Rogers, Minnesota, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was Security St. Bank - Maple Lake, based in Maple Lake, Minnesota. SBA Loan Borrower COMPANY TYPE: MEAT MARKETS SBA Loan Lender SECURITY ST. BANK - MAPLE LAKE This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445210 - Meat Markets Loan Approval Date 1/21/2005 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 2 employees. This SBA loan request did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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 Bank Loans in Maple Lake, Minnesota
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