Financing for Interior Design Services

With these commercial loans for interior design services, the SBA guarantees the lender that the loan will be repaid. This interior design services loan for $1,436,507 was given to a Minnesota entrepreneur in 2006.

This business knew how to go about getting a business bank loan. Based in White Bear Lake, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was U.S. Bank National Association, based in Cincinnati, Ohio.

SBA Loan Borrower

COMPANY TYPE: INTERIOR DESIGN SERVICES
WHITE BEAR LAKE, MN 55110

SBA Loan Lender

U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide bank loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541410 - Interior Design Services

Loan Approval Date

12/15/2006

Loan Approval Gross Amount

$1,436,507

Loan Approval from the SBA

Of the total $1,436,507 loan amount, the SBA guaranteed $1,077,380.

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 9 employees. The loan application did not indicate that the business planned to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you are working on finding money to start a business in White Bear Lake MN, you ought to talk with a local White Bear Lake SBA lender or talk with an out-of-area SBA lender that has previously loaned money to White Bear Lake businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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.

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