Loan to Buy Fantastic Sam's Franchise Issued By Prior Lake State Bank

Need a loan to purchase a Fantastic Sam's franchise? Prior Lake State Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Fantastic Sam's franchise? If so, here's a 2004 SBA franchise loan that you should know about. Prior Lake State Bank was the lender and the entrepreneur was based in Burnsville, Minnesota.

SBA Loan Borrower

FANTASTIC SAM'S
BURNSVILLE, MN 55337

SBA Loan Lender

PRIOR LAKE STATE BANK
16677 DULUTH AVE
PRIOR LAKE, MN 55372

This lender processed this SBA loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

812112 - Beauty Salons

Loan Approval Date

7/26/2004

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $60,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Fantastic Sam's franchise. At the time of the loan, the company had 13 employees. The SBA loan documents indicated that the loan would help generate 6 new jobs and retain 19 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Fantastic Sams

Small Business Credit Cards

Best Banks for Small Business in Prior Lake, Minnesota

Getting an SBA Loan in Minnesota