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December 20, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Saint Cloud, Business Loans > Bremer Bank Saint Cloud Business Loans > Sporting Goods Stores Loan | ||||
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Saint Cloud, Minnesota SBA Lenders
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Entrepreneur Works With Saint Cloud, Minnesota Bank to Get an SBA LoanWant to talk with a Saint Cloud, Minnesota bank about a business loan? Here's one Minnesota business loan, issued by a Saint Cloud bank, that was approved by the SBA. Applying for an SBA loan with Bremer Bank worked out well for our friends at one local firm in St. Cloud, Minnesota. The business was able to get an SBA loan for $100,000. Sweet! SBA Loan Borrower COMPANY TYPE: SPORTING GOODS STORES SBA Loan Lender BREMER BANK This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 451110 - Sporting Goods Stores Loan Approval Date 10/17/2006 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. 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 3 employees. The SBA loan application for the borrower indicated that the loan would help generate 7 new jobs and retain 3 existing jobs. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Raising VC Money for Social Networking Companies Good Banks for Small Business in Saint Cloud, Minnesota Getting an SBA Loan in Minnesota
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