Blaine, MN Entrepreneur Gets SBA Loan to Buy Mcdonald's Franchise

Borrowing money to invest in a Mcdonald's franchise? Bnc National Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Mcdonald's franchise? If so, here's a 2007 SBA franchise loan that you should know about. Bnc National Bank was the lender and the entrepreneur was based in Blaine, Minnesota.

SBA Loan Borrower

MCDONALD'S
BLAINE, MN 55449

SBA Loan Lender

BNC NATIONAL BANK
2425 E CAMELBACK RD, STE 100
PHOENIX, AZ 85016

The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

722211 - Limited-Service Restaurants

Loan Approval Date

9/19/2007

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $100,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Mcdonald's franchise. At the time of the loan, the company had 130 employees. The loan application indicated that the loan would help generate 60 new jobs and retain 190 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great funding source

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bnc National Bank 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.

Related Links:

McDonald's Corporation

Angel Investors

SBA Banks in Phoenix, Arizona

Getting an SBA Loan in Arizona