Loan to Buy Cd Exchange Franchise Issued By First National Bank Of Bemidji

Need money to purchase a Cd Exchange franchise? First National Bank Of Bemidji has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Bemidji, Minnesota needed money to invest in a Cd Exchange franchise back in 2001. First National Bank Of Bemidji issued an SBA franchise loan. Here are the details on this Minnesota small business loan.

SBA Loan Borrower

CD WHAREHOUSE
BEMIDJI, MN 56601

SBA Loan Lender

FIRST NATIONAL BANK OF BEMIDJI
502 MINNESOTA AVE
BEMIDJI, MN 56619

This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5999 - Retail Stores

NAICS Code

453998 - Store Retailers

Loan Approval Date

10/23/2001

Loan Approval Gross Amount

$83,000

Loan Approval from the SBA

Of the total $83,000 loan amount, the SBA guaranteed $70,550.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Cd Exchange franchise. At the time of the loan, the company had 3 employees. The loan application did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.

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

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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