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November 15, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Milaca, Business Loans > 1st National Bank - Milaca Milaca Business Loans > Freight Transportation Arrangement Loan | ||||
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Milaca, Minnesota SBA Lenders
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Milaca, Minnesota Bank Lends Money to Freight Transportation Arrangement Company in Rush City, MinnesotaGet to know Milaca, Minnesota banks that specialize in business loans and know how to work with entrepreneurs. 1st National Bank - Milaca is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Rush City, Minnesota starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from 1st National Bank - Milaca. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: FREIGHT TRANSPORTATION ARRANGEMENT SBA Loan Lender 1ST NATIONAL BANK - MILACA This lender processed this SBA loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 488510 - Freight Transportation Arrangement Loan Approval Date 2/28/2007 Loan Approval Gross Amount $87,500 Loan Approval from the SBA Of the total $87,500 loan amount, the SBA guaranteed $43,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 1 new job and retain 1 existing job. Great, But How Can I Get an SBA Loan for My Business? If you need money to start a small business or need money to grow a business, an SBA loan can be a great way to raise money Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $87,500 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Good Banks for Small Business in Milaca, Minnesota
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