St. Cloud, Minnesota Entrepreneur Gets a Small Business Loan

Looking to get a Minnesota bank loan? This Minnesota entrepreneur got a bank loan, provided by a Minnesota bank that works with the SBA to help small business owners.

Getting a small business loan in St. Cloud, Minnesota was a top priority for this loan applicant back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Farmers & Merchants St. Bank - P. Here are the details on this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: SIDING CONTRACTORS
ST. CLOUD, MN 56379

SBA Loan Lender

FARMERS & MERCHANTS ST. BANK - P
80 MAIN ST
PIERZ, MN 56364

The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

238170 - Siding Contractors

Loan Approval Date

6/6/2003

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $100,000.

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 26 employees. The loan application indicated that the loan would help retain 26 existing jobs.

Getting an SBA Loan For Your 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.

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:

Attracting Investors

Who Lends Money to Small Businesses in Pierz, Minnesota

SBA Minnesota Banks