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December 19, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Foley, Business Loans > Falcon National Bank Foley Business Loans > Home Furnishings Stores Loan | ||||
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Waite Park, Minnesota Bank Loan
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Financing for Home Furnishings StoresLooking for loans for home furnishings stores? An SBA loan may be just what you've been looking for. This $85,000 home furnishings stores loan was issued by a Minnesota bank. Getting a small business loan in Waite Park, Minnesota was important for this company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Falcon National Bank, operating out of Foley, Minnesota. Here are the details on this Minnesota small business loan. SBA Loan Borrower COMPANY TYPE: HOME FURNISHINGS STORES SBA Loan Lender FALCON NATIONAL BANK This lender processed this small business 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 442299 - Home Furnishings Stores Loan Approval Date 11/9/2007 Loan Approval Gross Amount $85,000 Loan Approval from the SBA Of the total $85,000 loan amount, the SBA guaranteed $42,500. 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 5 employees. The SBA loan application for the borrower indicated that the loan would help retain 5 existing jobs. Getting an SBA Loan For Your Business SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Falcon National Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Falcon National Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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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