Eagan, MN Entrepreneur Gets SBA Loan to Buy Bear Rock Cafe Franchise

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

Bear Rock Cafe franchise loans are available to Eagan, Minnesota entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wells Fargo Bank, based in Minneapolis, Minnesota, issued an SBA franchise loan for a Bear Rock Cafe franchise in 2003. We've got all the details on this Minnesota small business loan.

SBA Loan Borrower

BEAR ROCK CAFE
EAGAN, MN 55123

SBA Loan Lender

WELLS FARGO BANK
2329 CENTRAL AVE NE
MINNEAPOLIS, MN 55418

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

6/20/2003

Loan Approval Gross Amount

$441,500

Loan Approval from the SBA

Of the total $441,500 loan amount, the SBA guaranteed $331,125.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Bear Rock Cafe franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help create 4 new jobs.

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

If you are working on finding money to start a business in Eagan MN, you ought to talk with a local Eagan SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Eagan businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Wells Fargo Bank and they will explain how you can get an SBA loan for your company.

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:

Bear Rock Cafe

Obtaining Funding - How to Decide How Much to Raise

SBA 7A Banks for Minneapolis, Minnesota Loans

SBA Minnesota Lenders