Borrow Money to Buy an Embroide Me.Com Franchise

Need a loan to purchase an Embroide Me.Com franchise? First Resource Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an Embroide Me.Com franchise shouldn't be overly burdensome. In 2007, First Resource Bank issued an SBA franchise loan to an entrepreneur in Burnsville, Minnesota. Because Embroide Me.Com was registered with the SBA's registry of franchises, this Minnesota small business loan was issued on an expedited basis.

SBA Loan Borrower

EMBROIDME
BURNSVILLE, MN 55337

SBA Loan Lender

FIRST RESOURCE BANK
4022 COUNTY ROAD 42 WEST
SAVAGE, MN 55378

This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

448190 - Clothing Stores

Loan Approval Date

3/1/2007

Loan Approval Gross Amount

$55,000

Loan Approval from the SBA

Of the total $55,000 loan amount, the SBA guaranteed $27,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Embroide Me.Com franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 4 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from First Resource Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Embroid Me

Obtaining Funding - Getting Venture Capital

SBA 7A Lenders in Savage, Minnesota

Minnesota SBA 7A Lenders