Entrepreneur Works With Menahga, Minnesota Bank to Get an SBA Loan

Want to talk with a Menahga, Minnesota bank about an SBA loan? Here's one Minnesota business loan, issued by a Menahga bank, that was approved by the SBA.

Applying for an SBA loan with First National Bank - Menahga & Sebe worked out well for our friends at one local firm in Sebeka, Minnesota. They received an SBA loan for $150,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: GENERAL MERCHANDISE STORES
SEBEKA, MN 56477

SBA Loan Lender

FIRST NATIONAL BANK - MENAHGA & SEBE
21 MAIN ST NE
MENAHGA, MN 56464

This lender processed this commercial 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

452990 - General Merchandise Stores

Loan Approval Date

5/11/2006

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $75,000.

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 4 employees. The SBA loan documents indicated that the loan would help generate 4 new jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First National Bank - Menahga & Sebe that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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