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December 22, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Lucan, Business Loans > State Bank Of Lucan Lucan Business Loans > Leather And Hide Tanning And Finishing Loan | ||||
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Tips for Small Business Owners On Getting a Loan
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Business Loans for Leather and Hide Tanning and FinishingLooking for business loans for leather and hide tanning and finishing? An SBA loan may be just what you've been looking for. This $10,000 leather and hide tanning and finishing loan was issued by a Minnesota bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Vesta, Minnesota was able to borrow $10,000 from State Bank Of Lucan. The SBA made the loan possible by guaranteeing $5,000 of this Minnesota small business loan. SBA Loan Borrower COMPANY TYPE: LEATHER AND HIDE TANNING AND FINISHING SBA Loan Lender STATE BANK OF LUCAN This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 316110 - Leather and Hide Tanning and Finishing Loan Approval Date 6/17/2005 Loan Approval Gross Amount $10,000 Loan Approval from the SBA Of the total $10,000 loan amount, the SBA guaranteed $5,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $10,000 loan. Remember, feel the fear, and do it anyway. 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: Obtaining Funding - Friends and Family SBA 7A Banks for Lucan, Minnesota Loans
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