Toy and Hobby Goods and Supplies Merchant Wholesalers Small Business Loans

Looking for small business loans for toy and hobby goods and supplies merchant wholesalers? Try the SBA. This $40,000 toy and hobby goods and supplies merchant wholesalers loan was issued by a Minnesota bank.

This company knew how to go about getting a business bank loan. Based in Stewartville, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Eastwood Bank, based in Stewartville, Minnesota.

SBA Loan Borrower

COMPANY TYPE: TOY AND HOBBY GOODS AND SUPPLIES MERCHANT WHOLESALERS
STEWARTVILLE, MN 55976

SBA Loan Lender

EASTWOOD BANK
119 E FIRST ST
STEWARTVILLE, MN 55976

This lender issued this particular commercial 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.

NAICS Code

423920 - Toy and Hobby Goods and Supplies Merchant Wholesalers

Loan Approval Date

10/6/2004

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $34,000.

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 3 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you want money for new small business in Stewartville MN, you ought to talk with a local Stewartville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Stewartville businesses.

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.

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