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November 15, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Waverly, Business Loans > Citizens St. Bank - Waverly (inc Waverly Business Loans > Local Trucking With Storage Loan | ||||
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Minnesota Small Business Funding
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Loans for General Freight Trucking, LocalLooking for loans for general freight trucking, local? Talk to a banker who works with the SBA. This $80,000 general freight trucking, local loan was issued by a Minnesota bank. This company knew how to go about getting a business bank loan. Based in Waverly, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Citizens St. Bank - Waverly (inc, based in Waverly, Minnesota. SBA Loan Borrower COMPANY TYPE: LOCAL TRUCKING WITH STORAGE SBA Loan Lender CITIZENS ST. BANK - WAVERLY (INC 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 4214 - Local Trucking With Storage NAICS Code 484110 - General Freight Trucking, Local Loan Approval Date 9/29/2003 Loan Approval Gross Amount $80,000 Loan Approval from the SBA Of the total $80,000 loan amount, the SBA guaranteed $68,000. 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. The loan application did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. 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 $80,000 loan. Remember, where there is a will, there is a way! 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: Banking Deregulation's Effects on Entrepreneurship SBA 7A Banks in Waverly, Minnesota
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