Central Minnesota Fcu SBA Loan to Chiropractors Company

An SBA loan from Central Minnesota Fcu typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Wilmington, Delaware business owner got a $20,000 loan.

Getting a small business loan in Wilmington, Delaware was an essential business goal for this firm back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Central Minnesota Fcu, operating out of Melrose, Minnesota. Here are the details on this Delaware small business loan.

SBA Loan Borrower

COMPANY TYPE: CHIROPRACTORS
WILMINGTON, DE 19806

SBA Loan Lender

CENTRAL MINNESOTA FCU
20 S 4TH AVE EAST
MELROSE, MN 56352

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

621310 - Chiropractors

Loan Approval Date

8/15/2003

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $10,000.

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 only one employee. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job.

Getting an SBA Loan For Your Business

If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great way to raise money

This SBA loan was for $20,000. How would you spend $20,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Obtaining Funding - How to Borrow Money

SBA Participating Banks in Melrose, Minnesota

Minnesota SBA Banks