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November 15, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Vermillion, Business Loans > Vermillion State Bank Vermillion Business Loans > Sports And Recreation Instruction Loan | ||||
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St Paul Park, Minnesota Bank Loan
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Raising Money for Sports and Recreation InstructionWith these bank loans for sports and recreation instruction, the SBA guarantees the lender that the loan will be repaid. This sports and recreation instruction loan for $320,000 was given to a Minnesota entrepreneur in 2003. This company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Vermillion State Bank, out of Vermillion, Minnesota. The loan was granted and they received $320,000 to help grow their St Paul Park, Minnesota business. SBA Loan Borrower COMPANY TYPE: SPORTS AND RECREATION INSTRUCTION SBA Loan Lender VERMILLION STATE BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan for a small business was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 611620 - Sports and Recreation Instruction Loan Approval Date 5/1/2003 Loan Approval Gross Amount $320,000 Loan Approval from the SBA Of the total $320,000 loan amount, the SBA guaranteed $240,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 12 employees. The SBA loan documents did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. 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: Best Banks for Small Business in Vermillion, Minnesota
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