Union State Bank Of Fargo Provides SBA Loan to Buy Mrs. Field's Cookies Franchise

Need a loan to buy a Mrs. Field's Cookies franchise? Union State Bank Of Fargo has a history of making these loans and they are guaranteed by the SBA.

Mrs. Field's Cookies franchise loans are available to Fargo, North Dakota entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Union State Bank Of Fargo, based in Fargo, North Dakota, issued an SBA franchise loan for a Mrs. Field's Cookies franchise in 2004. We've got all the details on this North Dakota small business loan.

SBA Loan Borrower

MRS FIELDS COOKIES
FARGO, ND 58103

SBA Loan Lender

UNION STATE BANK OF FARGO
4530 17TH AVE SOUTH
FARGO, ND 58103

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311821 - Cookie and Cracker Manufacturing

Loan Approval Date

7/29/2004

Loan Approval Gross Amount

$101,000

Loan Approval from the SBA

Of the total $101,000 loan amount, the SBA guaranteed $85,850.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Mrs. Field's Cookies franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to hire new employees or retain any existing employees.

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.

This SBA loan was for $101,000. How would you spend $101,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Mrs. Fields Original Cookies, Inc.

Dealing With Venture Capitalists

SBA Approved Banks in Fargo, North Dakota

North Dakota SBA 7A Lenders