Edina, Minnesota Bank Gives SBA Loan to General Line Grocery Merchant Wholesalers Company

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

Applying for an SBA loan with Fidelity Bank worked out well for our friends at one local company in Shakopee, Minnesota. They received an SBA loan for $350,000. Great job!

SBA Loan Borrower

COMPANY TYPE: GENERAL LINE GROCERY MERCHANT WHOLESALERS
SHAKOPEE, MN 55379

SBA Loan Lender

FIDELITY BANK
7600 PARKLAWN AVE
EDINA, MN 55435

This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

424410 - General Line Grocery Merchant Wholesalers

Loan Approval Date

6/17/2004

Loan Approval Gross Amount

$350,000

Loan Approval from the SBA

Of the total $350,000 loan amount, the SBA guaranteed $175,000.

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

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

If you want money for new small business in Shakopee MN, you ought to talk with a local Shakopee SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Shakopee businesses.

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.

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