Winona, Minnesota Bank Lends Money to Gift, Novelty, And Souvenir Stores Company in Winona, Minnesota

Find Winona, Minnesota banks that specialize in SBA loans and know how to work with entrepreneurs. Merchants Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Winona, Minnesota starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from Merchants Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: GIFT, NOVELTY, AND SOUVENIR STORES
Winona, MN 55987

SBA Loan Lender

MERCHANTS BANK
102 E THIRD ST
WINONA, MN 55987

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453220 - Gift, Novelty, and Souvenir Stores

Loan Approval Date

10/10/2007

Loan Approval Gross Amount

$38,300

Loan Approval from the SBA

Of the total $38,300 loan amount, the SBA guaranteed $32,555.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 business promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start a small business or need money for an existing business, an SBA loan can be a great funding source

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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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