Slayton, Minnesota Bank Gives SBA Loan to Chiropractors Company

Get to know Slayton, Minnesota banks that specialize in small business loans and know how to work with entrepreneurs. Minnwest Bank South is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Slayton, Minnesota starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from Minnwest Bank South. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: CHIROPRACTORS
SLAYTON, MN 56172

SBA Loan Lender

MINNWEST BANK SOUTH
2565 KING AVE
SLAYTON, MN 56172

This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621310 - Chiropractors

Loan Approval Date

7/15/2004

Loan Approval Gross Amount

$10,300

Loan Approval from the SBA

Of the total $10,300 loan amount, the SBA guaranteed $8,755.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Minnwest Bank South are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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