Loan Census Banking News and Information
December 19, 2024  
 
 
  Business Loan Information  
 

How to Get SBA Loans in Spicer, Minnesota

 

 
Loan Census SBA Loan Info

Financing for Wineries

Looking for loans for wineries? Try the SBA. This $15,000 wineries loan was issued by a Minnesota bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Spicer, Minnesota was able to borrow $15,000 from United Prairie Bank. The SBA made the loan possible by guaranteeing $12,750 of this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: WINERIES
SPICER, MN 56288

SBA Loan Lender

UNITED PRAIRIE BANK
1141 THIRD AVE
MOUNTAIN LAKE, MN 56159

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

312130 - Wineries

Loan Approval Date

4/6/2007

Loan Approval Gross Amount

$15,000

Loan Approval from the SBA

Of the total $15,000 loan amount, the SBA guaranteed $12,750.

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 5 employees. This SBA loan request indicated that the borrowed money would help create 5 new jobs.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like United Prairie Bank 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.

Related Links:

The Art of Bootstrapping

Good Banks for Small Business in Mountain Lake, Minnesota

Where to Get an SBA Loan Minnesota