Sporting Goods Stores Commercial Loans

Looking for commercial loans for sporting goods stores? An SBA loan may be just what you've been looking for. This $60,000 sporting goods stores loan was issued by a Minnesota bank.

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

SBA Loan Borrower

COMPANY TYPE: SPORTING GOODS STORES
WACONIA, MN 55387

SBA Loan Lender

KLEINBANK
53 W MAIN ST
WACONIA, MN 55387

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451110 - Sporting Goods Stores

Loan Approval Date

2/4/2004

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $51,000.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Kleinbank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

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Small Business Banks in Waconia, Minnesota

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