Champlin, MN Entrepreneur Gets SBA Loan to Buy Sarpino's Pizzeria Franchise

Need money to buy a Sarpino's Pizzeria franchise? Tcf National Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Champlin, Minnesota and are interested in buying a Sarpino's Pizzeria franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2008 by Tcf National Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

MINNESOTA SAPRINO'S INC
CHAMPLIN, MN 55316

SBA Loan Lender

TCF NATIONAL BANK
200 LAKE ST EAST
WAYZATA, MN 55391

This debt financing 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

722110 - Full-Service Restaurants

Loan Approval Date

1/29/2008

Loan Approval Gross Amount

$11,000

Loan Approval from the SBA

Of the total $11,000 loan amount, the SBA guaranteed $5,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Sarpino's Pizzeria franchise. At the time of the loan, the company had 30 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 30 existing jobs.

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

Every year, the SBA guarantees over $10 billion for loans just like this one.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Tcf National Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Sarpinos Pizzeria International Inc.

Business Incubators

SBA 7A Banks for Wayzata, Minnesota Loans

SBA Lenders in Minnesota