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November 21, 2024  
 
 
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How to Get SBA Loans in Brooklyn Center, Minnesota

 

 
Loan Census SBA Loan Info

Minnesota Entrepreneur Secures Financing to Buy Kolache Factory Franchise

Need money to buy a Kolache Factory franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Kolache Factory franchise? If so, here's a 2004 SBA franchise loan that you should know about. Wells Fargo Bank was the lender and the entrepreneur was based in Brooklyn Center, Minnesota.

SBA Loan Borrower

KOLACHE FACTORY
BROOKLYN CENTER, MN 55430

SBA Loan Lender

WELLS FARGO BANK
121 PARK CENTER PLZ
SAN JOSE, CA 95113

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

5/3/2004

Loan Approval Gross Amount

$185,000

Loan Approval from the SBA

Of the total $185,000 loan amount, the SBA guaranteed $138,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Kolache Factory franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 2 existing jobs.

Getting an SBA Loan For Your Business

If you have been wondering how do i get money to start a business in Brooklyn Center MN, you ought to talk with a local Brooklyn Center SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Brooklyn Center businesses.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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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