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December 25, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Saint Paul, Business Loans > Park Midway Bank Saint Paul Business Loans > Dunn Bros Coffee Loan | ||||
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Raising Money in Blaine, Minnesota With SBA Loans
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Park Midway Bank Provides SBA Loan to Buy Dunn Bros Coffee FranchiseNeed money to buy a Dunn Bros Coffee franchise? Park Midway Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Dunn Bros Coffee franchise requires some effort but others before you have been successful. In 2005, Park Midway Bank issued an SBA franchise loan to an entrepreneur in Blaine, Minnesota. Because Dunn Bros Coffee was registered with the SBA's registry of franchises, this Minnesota small business loan was issued on an expedited basis. SBA Loan Borrower DUNN BROS COFFEE SBA Loan Lender PARK MIDWAY BANK This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 8/9/2005 Loan Approval Gross Amount $1,000,000 Loan Approval from the SBA Of the total $1,000,000 loan amount, the SBA guaranteed $750,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Dunn Bros Coffee franchise. At the time of the loan, the company had 25 employees. The loan application indicated that the loan would help generate 10 new jobs and retain 25 existing jobs. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $1,000,000 loan. Remember, anyone can do it... so why not 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. Related Links: Borrowing Money from Friends and Family Best Banks in Saint Paul, Minnesota Where to Get an SBA Loan Minnesota
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