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November 14, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Roseville, Business Loans > North American Banking Company Roseville Business Loans > Stationery And Office Supplies Loan | ||||
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North American Banking Company Business Loans
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Getting an SBA Loan for Office Supplies and StationeryWith these SBA loans for office supplies and stationery, the SBA guarantees the lender that the loan will be repaid. This office supplies and stationery loan for $50,000 was given to a Minnesota entrepreneur in 2001. This small business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with North American Banking Company, out of Roseville, Minnesota. The loan was granted and they received $50,000 to help grow their Rosesville, Minnesota business. SBA Loan Borrower COMPANY TYPE: STATIONERY AND OFFICE SUPPLIES SBA Loan Lender NORTH AMERICAN BANKING COMPANY This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5112 - Stationery and Office Supplies NAICS Code 453210 - Office Supplies and Stationery Loan Approval Date 5/23/2001 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. 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 5 employees. This SBA loan request did not indicate that the small business planned to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Best Roseville, Minnesota Banks for Small Business
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