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December 20, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Edina, Business Loans > Crown Bank Edina Business Loans > Dunn Bros Coffee Loan | ||||
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Good Sources for Inver Grove Heights SBA Loans
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Borrow Money to Buy a Dunn Bros Coffee FranchiseBorrowing money to buy a Dunn Bros Coffee franchise? Crown Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Inver Grove Heights, Minnesota needed money to invest in a Dunn Bros Coffee franchise back in 2004. Crown Bank issued an SBA franchise loan. Here are the details on this Minnesota small business loan. SBA Loan Borrower DUNN BROS COFFEE SBA Loan Lender CROWN BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan for a small business was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 12/20/2004 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $262,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Dunn Bros Coffee franchise. At the time of the loan, the company had 10 employees. The loan application did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. 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 Crown 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: Best Banks in Edina, Minnesota Where to Get an SBA Loan Minnesota
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