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December 22, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Saint Louis Park, Business Loans > Citizens Independent Bank Saint Louis Park Business Loans > Curves Loan | ||||
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Where to Get a Small Business Loan to Purchase a Franchise
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Minnesota Entrepreneur Secures Financing to Buy Curves For Women FranchiseBorrowing money to purchase a Curves For Women franchise? Citizens Independent Bank has a history of making these loans and they are guaranteed by the SBA. Curves For Women franchise loans are available to Brooklyn Park, Minnesota entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Citizens Independent Bank, based in Saint Louis Park, Minnesota, issued an SBA franchise loan for a Curves For Women franchise in 2004. We've got all the details on this Minnesota small business loan. SBA Loan Borrower CURVES SBA Loan Lender CITIZENS INDEPENDENT BANK This SBA business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 713940 - Fitness and Recreational Sports Centers Loan Approval Date 11/23/2004 Loan Approval Gross Amount $280,000 Loan Approval from the SBA Of the total $280,000 loan amount, the SBA guaranteed $210,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Curves For Women franchise. At the time of the loan, the company had 13 employees. The loan application did not indicate that the business promised to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We can help you find the best banks for small businesses in Brooklyn Park or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Realistic Debt Financing Options SBA Participating Banks in Saint Louis Park, Minnesota Getting an SBA Loan in Minnesota
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