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December 20, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Ely, Business Loans > Boundary Waters Bank Ely Business Loans > Sporting And Recreational Goods And Supplies Wholesalers Loan | ||||
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Ely, Minnesota SBA Lenders
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Ely, Minnesota Lender Lends Money to Sporting And Recreational Goods And Supplies Wholesalers CompanyGet to know Ely, Minnesota banks that specialize in business loans and know how to work with entrepreneurs. Boundary Waters Bank is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Two Harbors, Minnesota starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Boundary Waters Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: SPORTING AND RECREATIONAL GOODS AND SUPPLIES WHOLESALERS SBA Loan Lender BOUNDARY WATERS BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide commercial loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 421910 - Sporting and Recreational Goods and Supplies Wholesalers Loan Approval Date 8/13/2001 Loan Approval Gross Amount $42,428 Loan Approval from the SBA Of the total $42,428 loan amount, the SBA guaranteed $31,821. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 19 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great way to raise money This SBA loan was for $42,428. How would you spend $42,428 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: SBA Participating Banks in Ely, Minnesota
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