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December 22, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Roseville, Business Loans > Premier Bank Roseville Business Loans > Eating Places Loan | ||||
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Roseville Lenders
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Roseville, Minnesota Lender Lends Money to Eating Places CompanyWant to talk with a Roseville, Minnesota bank about a small business loan? Here's one Minnesota business loan, issued by a Roseville bank, that was approved by the SBA. Applying for an SBA loan with Premier Bank worked out well for our friends at one local company in St. Anthony, Minnesota. They got an SBA loan for $60,000. Sweet! SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender PREMIER BANK This lender issued this particular small business 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. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 2/23/2001 Loan Approval Gross Amount $60,000 Loan Approval from the SBA Of the total $60,000 loan amount, the SBA guaranteed $51,000. 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 3 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. We can help you find the best banks for small businesses in St. Anthony or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Role of Business Plan When Raising Money Best Banks in Roseville, Minnesota SBA Participating Banks in Minnesota
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