Springfield, Minnesota Bank Lends Money to General Long-Distance Freight Trucking Company in Springfield, Minnesota

Find Springfield, Minnesota banks that specialize in business loans and know how to work with entrepreneurs. Farmers & Merchants St. Bank - S is one such bank, as evidenced by this SBA loan to one business.

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

SBA Loan Borrower

COMPANY TYPE: GENERAL LONG-DISTANCE FREIGHT TRUCKING
SPRINGFIELD, MN 56087

SBA Loan Lender

FARMERS & MERCHANTS ST. BANK - S
101 N MARSHALL
SPRINGFIELD, MN 56087

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

484121 - General Long-Distance Freight Trucking

Loan Approval Date

10/3/2007

Loan Approval Gross Amount

$81,000

Loan Approval from the SBA

Of the total $81,000 loan amount, the SBA guaranteed $60,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 8 employees. The SBA loan documents indicated that the loan would help retain 8 existing jobs.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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 Credit Cards

SBA Banks in Springfield, Minnesota

Getting a Business Loan in Minnesota