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November 15, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Saint Cloud, Business Loans > Bremer Bank Saint Cloud Business Loans > Culver's Of Eagan Loan | ||||
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Loans to Buy a Franchise in Minnesota
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Loan to Buy Culver's Frozen Custard Franchise Issued By Bremer BankBorrowing money to buy a Culver's Frozen Custard franchise? Bremer Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Eagan, Minnesota needed money to invest in a Culver's Frozen Custard franchise back in 2001. Bremer Bank issued an SBA franchise loan. Here are the details on this Minnesota small business loan. SBA Loan Borrower CULVER'S OF EAGAN SBA Loan Lender BREMER BANK This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 12/18/2001 Loan Approval Gross Amount $1,729,000 Loan Approval from the SBA Of the total $1,729,000 loan amount, the SBA guaranteed $999,984. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Culver's Frozen Custard franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower indicated that the loan would help generate 59 new jobs and retain 6 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $1,729,000 loan. Remember, if it to be, it is up to me! 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: Obtaining Funding From a Venture Capitalist Find an SBA Lender in Saint Cloud, Minnesota SBA Participating Banks in Minnesota
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