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December 22, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Freeborn, Business Loans > Farmers State Bank Of Hartland Freeborn Business Loans > Fuel Dealers Loan | ||||
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Business Loans for Wells Small Business Owners
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Get an SBA Loan for Fuel DealersWith these small business loans for fuel dealers, the SBA guarantees the lender that the loan will be repaid. This fuel dealers loan for $350,000 was given to a Minnesota entrepreneur in 2005. Getting a small business loan in Wells, Minnesota was important for this growing firm back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Farmers State Bank Of Hartland, operating out of Freeborn, Minnesota. Here are the details on this Minnesota small business loan. SBA Loan Borrower COMPANY TYPE: FUEL DEALERS SBA Loan Lender FARMERS STATE BANK OF HARTLAND SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 454319 - Fuel Dealers Loan Approval Date 5/24/2005 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $262,500. 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. The loan application did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We can help you find the best banks for small businesses in Wells or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: SBA Approved Banks in Freeborn, Minnesota
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