Where to Get Capital for General Freight Trucking, Local

Looking for SBA loans for general freight trucking, local? An SBA loan may be just what you've been looking for. This $450,000 general freight trucking, local loan was issued by a Minnesota bank.

This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with State Bank Of Kimball, out of Saint Augusta, Minnesota. The loan was granted and they received $450,000 to help grow their St. Cloud, Minnesota business.

SBA Loan Borrower

COMPANY TYPE: GENERAL FREIGHT TRUCKING, LOCAL
ST. CLOUD, MN 56302

SBA Loan Lender

STATE BANK OF KIMBALL
24952 CNTY RD 7
SAINT AUGUSTA, MN 56301

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

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

484110 - General Freight Trucking, Local

Loan Approval Date

12/17/2003

Loan Approval Gross Amount

$450,000

Loan Approval from the SBA

Of the total $450,000 loan amount, the SBA guaranteed $337,500.

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 10 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you need business start up money in St. Cloud MN, you ought to talk with a local St. Cloud SBA lender or talk with an out-of-area SBA lender that has previously loaned money to St. Cloud businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $450,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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