Entrepreneur Works With Baxter, Minnesota Bank to Get an SBA Loan

Thinking about meeting with a Baxter, Minnesota bank about an SBA loan? Here's one Minnesota business loan, issued by a Baxter bank, that was approved by the SBA.

Applying for an SBA loan with Amer National Bank - Minnesota worked out well for our friends at one local company in Waite Park, Minnesota. They received an SBA loan for $150,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: DIRECT MAIL ADVERTISING
WAITE PARK, MN 56387

SBA Loan Lender

AMER NATIONAL BANK - MINNESOTA
7638 WOIDA RD
BAXTER, MN 56425

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

541860 - Direct Mail Advertising

Loan Approval Date

7/9/2004

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 15 employees. This SBA loan request did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need business start up money in Waite Park MN, you ought to talk with a local Waite Park SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Waite Park businesses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Amer National Bank - Minnesota so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Find Start-Up Capital

Best Banks in Baxter, Minnesota

Where to Get an SBA Loan Minnesota