Wadena State Bank SBA Loan to Pet And Pet Supplies Stores Company

Wadena State Bank has a track record as a leading provider of SBA loans. Find out how this Minnesota entrepreneur received an SBA loan from them.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Wadena, Minnesota was able to borrow $71,000 from Wadena State Bank. The SBA made the loan possible by guaranteeing $35,500 of this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: PET AND PET SUPPLIES STORES
WADENA, MN 56482

SBA Loan Lender

WADENA STATE BANK
304 1ST ST SE
WADENA, MN 56482

This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

453910 - Pet and Pet Supplies Stores

Loan Approval Date

12/18/2003

Loan Approval Gross Amount

$71,000

Loan Approval from the SBA

Of the total $71,000 loan amount, the SBA guaranteed $35,500.

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. This SBA loan request indicated that the loan would help retain 2 existing jobs.

Next Steps for Getting an SBA Loan

If you are raising money in Wadena MN, you ought to talk with a local Wadena SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Wadena businesses.

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 $71,000 loan. Remember, anyone can do it... so why not 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:

Advice on Getting a Small Business Loan

SBA 7A Banks in Wadena, Minnesota

Minnesota SBA 7A Banks