Loan Census Banking News and Information
November 23, 2024  
 
 
  Business Loan Information  
 

Minnesota Small Business Funding for Franchises

 

 
Loan Census SBA Loan Info

Loan to Buy Ucc Total Home Franchise Issued By Wells Fargo Bank

Need money to purchase an Ucc Total Home franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Mahtomedi, Minnesota and are interested in buying an Ucc Total Home franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2000 by Wells Fargo Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

UCC TOTAL HOME OF ST. PAUL
MAHTOMEDI, MN 55115

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.

SIC Code

5961 - Catalog and Mail-Order Houses

NAICS Code

454110 - Electronic Shopping and Mail-Order Houses

Loan Approval Date

1/12/2000

Loan Approval Gross Amount

$238,500

Loan Approval from the SBA

Of the total $238,500 loan amount, the SBA guaranteed $178,875.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Ucc Total Home franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 17 new jobs and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a company in Mahtomedi MN, you ought to talk with a local Mahtomedi SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mahtomedi businesses.

This SBA loan was for $238,500. How would you spend $238,500 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:

UCC TotalHome

How Much Venture Capital Is There?

Best Minneapolis, Minnesota Banks for Small Business

Getting an SBA Loan in Minnesota