Minnesota Entrepreneur Secures Financing to Buy Dunn Bros Coffee Franchise

Need money to buy a Dunn Bros Coffee franchise? State Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Dunn Bros Coffee franchise loans are available to Alexandria, Minnesota entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, State Bank & Trust, based in Alexandria, Minnesota, issued an SBA franchise loan for a Dunn Bros Coffee franchise in 2008. We've got all the details on this Minnesota small business loan.

SBA Loan Borrower

B - CUP. LLC
ALEXANDRIA, MN 56308

SBA Loan Lender

STATE BANK & TRUST
1121 BROADWAY
ALEXANDRIA, MN 56308

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide commercial loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

1/8/2008

Loan Approval Gross Amount

$336,800

Loan Approval from the SBA

Of the total $336,800 loan amount, the SBA guaranteed $252,600.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Dunn Bros Coffee franchise. At the time of the loan, the company had 7 employees. The loan application indicated that the borrowed money would help generate 7 new jobs.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like State Bank & Trust that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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