Borrow Money to Buy a Stained Glass Overlay Franchise

Borrowing money to invest in a Stained Glass Overlay franchise? Amer National Bank - Minnesota has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Stained Glass Overlay franchise? If so, here's a 2002 SBA franchise loan that you should know about. Amer National Bank - Minnesota was the lender and the entrepreneur was based in Brainerd, Minnesota.

SBA Loan Borrower

STAINED GLASS OVERLAY
BRAINERD, MN 56401

SBA Loan Lender

AMER NATIONAL BANK - MINNESOTA
1920 S 6TH ST
BRAINERD, MN 56401

This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1799 - Special Trade Contractors

NAICS Code

235950 - Building Equipment and Machinery Installation Contractors

Loan Approval Date

6/17/2002

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $68,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Stained Glass Overlay franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

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

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This SBA loan was for $80,000. How would you spend $80,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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