Little Falls, MN Entrepreneur Gets SBA Loan to Buy Radio Shack Franchise

Need money to purchase a Radio Shack franchise? Farmers & Merchants St. Bank - P has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Radio Shack franchise is doable. In 2005, Farmers & Merchants St. Bank - P issued an SBA franchise loan to an entrepreneur in Little Falls, Minnesota. Because Radio Shack was registered with the SBA's registry of franchises, this Minnesota small business loan was issued on an expedited basis.

SBA Loan Borrower

RADIO SHACK
LITTLE FALLS, MN 56345

SBA Loan Lender

FARMERS & MERCHANTS ST. BANK - P
80 MAIN ST
PIERZ, MN 56364

This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

443112 - Radio, Television, and Electronics Stores

Loan Approval Date

7/15/2005

Loan Approval Gross Amount

$180,000

Loan Approval from the SBA

Of the total $180,000 loan amount, the SBA guaranteed $90,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Radio Shack franchise. At the time of the loan, the company had 17 employees. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 17 existing jobs.

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

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

RadioShack

Bank Credit Lines

SBA 7A Banks in Pierz, Minnesota

Getting an SBA Loan in Minnesota