Bank Loans for Public Relations Agencies

With these bank loans for public relations agencies, the SBA guarantees the lender that the loan will be repaid. This public relations agencies loan for $750,000 was given to a Minnesota entrepreneur in 2000.

This company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with 1st National Bank - Elk River, out of Monticello, Minnesota. The loan was granted and they received $750,000 to help grow their Saint Paul, Minnesota business.

SBA Loan Borrower

COMPANY TYPE: PUBLIC RELATIONS SERVICES
SAINT PAUL, MN 55101

SBA Loan Lender

1ST NATIONAL BANK - ELK RIVER
146 W BROADWAY
MONTICELLO, MN 55362

This lender issued this bank loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8743 - Public Relations Services

NAICS Code

541820 - Public Relations Agencies

Loan Approval Date

4/18/2000

Loan Approval Gross Amount

$750,000

Loan Approval from the SBA

Of the total $750,000 loan amount, the SBA guaranteed $562,500.

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 12 employees. This SBA loan request did not indicate that the company promised to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like 1st National Bank - Elk River and they will explain how you can get an SBA loan for your company.

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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