Oilseed Farming SBA Loans

Looking for SBA loans for oilseed farming? An SBA loan may be just what you've been looking for. This $50,000 oilseed farming loan was issued by a Minnesota bank.

This business knew how to go about getting a business bank loan. Based in Warroad, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Border State Bank, based in Roseau, Minnesota.

SBA Loan Borrower

COMPANY TYPE: CASH GRAINS, N.E.C
WARROAD, MN 56763

SBA Loan Lender

BORDER STATE BANK
1083 3RD ST NW
ROSEAU, MN 56751

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.

SIC Code

0119 - Cash Grains, N.E.C

NAICS Code

111120 - Oilseed Farming

Loan Approval Date

2/28/2001

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Border State Bank and they will explain how you can get an SBA loan for your company.

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:

Bank Credit Lines

Where to Get an SBA Loan in Roseau, Minnesota

Getting an SBA Loan in Minnesota