Western Bank SBA Loan to Eating Places Company

Want a Minnesota SBA loan? Here's one Minnesota business loan that was approved by the SBA.

This up and coming company knew how to go about getting a business bank loan. Based in Saint Paul, Minnesota, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Western Bank, based in Saint Paul, Minnesota.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
SAINT PAUL, MN 55104

SBA Loan Lender

WESTERN BANK
663 UNIVERSITY AVE
SAINT PAUL, MN 55104

This lender issued this particular loan for a small business under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

3/16/2000

Loan Approval Gross Amount

$46,700

Loan Approval from the SBA

Of the total $46,700 loan amount, the SBA guaranteed $37,360.

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 11 employees. The loan application did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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