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November 15, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Pierz, Business Loans > Farmers & Merchants St. Bank - P Pierz Business Loans > Landscaping Services Loan | ||||
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Minnesota Bank SBA Loans
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Farmers & Merchants St. Bank - P SBA Loan to Landscaping Services CompanyFarmers & Merchants St. Bank - P and the SBA work together to get business loans for growing small businesses. Here's an example of how a Minnesota entrepreneur was able to get a loan to take a small business to the next level. This small firm received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Farmers & Merchants St. Bank - P, out of Pierz, Minnesota. The loan was granted and they received $107,100 to help grow their Sauk Rapids, Minnesota business. SBA Loan Borrower COMPANY TYPE: LANDSCAPING SERVICES SBA Loan Lender FARMERS & MERCHANTS ST. BANK - P This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 561730 - Landscaping Services Loan Approval Date 6/6/2003 Loan Approval Gross Amount $107,100 Loan Approval from the SBA Of the total $107,100 loan amount, the SBA guaranteed $53,550. 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 12 employees. This SBA loan request indicated that the loan would help retain 12 existing jobs. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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:
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