Where to Get Capital for Food Supplement Stores

With these small business loans for food supplement stores, the SBA guarantees the lender that the loan will be repaid. This food supplement stores loan for $10,000 was given to a Minnesota entrepreneur in 2003.

Getting a small business loan in Shakopee, Minnesota was important for this growing firm back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Kleinbank, operating out of Carver, Minnesota. Here are the details on this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: FOOD SUPPLEMENT STORES
SHAKOPEE, MN 55379

SBA Loan Lender

KLEINBANK
304 N BROADWAY
CARVER, MN 55315

This lender processed this 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

446191 - Food Supplement Stores

Loan Approval Date

8/1/2003

Loan Approval Gross Amount

$10,000

Loan Approval from the SBA

Of the total $10,000 loan amount, the SBA guaranteed $5,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower indicated that the loan would help retain 4 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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:

Small Business Loan

Best Carver, Minnesota Banks for Small Business

Minnesota SBA 7A Lenders