Saint Cloud, Minnesota Bank Lends Money to Sporting Goods Stores Company in Rogers, Minnesota

Get to know Saint Cloud, Minnesota banks that specialize in SBA loans and know how to work with entrepreneurs. Bremer Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Rogers, Minnesota starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Bremer Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: SPORTING GOODS STORES
ROGERS, MN 55374

SBA Loan Lender

BREMER BANK
1100 W ST. GERMAIN ST
SAINT CLOUD, MN 56301

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451110 - Sporting Goods Stores

Loan Approval Date

8/26/2004

Loan Approval Gross Amount

$1,507,700

Loan Approval from the SBA

Of the total $1,507,700 loan amount, the SBA guaranteed $1,130,775.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs.

Next Steps for Getting an SBA Loan

If you want money for new small business in Rogers MN, you ought to talk with a local Rogers SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Rogers businesses.

This SBA loan was for $1,507,700. How would you spend $1,507,700 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.

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