Minnesota Entrepreneur Secures Financing to Buy Management Recruiters Franchise

Need money to purchase a Management Recruiters franchise? Highland Bank has a history of making these loans and they are guaranteed by the SBA.

Management Recruiters franchise loans are available to Maple Grove, Minnesota entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Highland Bank, based in Saint Michael, Minnesota, issued an SBA franchise loan for a Management Recruiters franchise in 2006. We've got all the details on this Minnesota small business loan.

SBA Loan Borrower

HARRIS & ASSOCIATES
MAPLE GROVE, MN 55369

SBA Loan Lender

HIGHLAND BANK
701 CENTRAL AVE EAST
SAINT MICHAEL, MN 55376

This lender provides SBA loan for small businesses 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

541612 - Human Resources Consulting Services

Loan Approval Date

9/20/2006

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $68,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Management Recruiters franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 4 existing jobs.

Getting an SBA Loan For Your Business

If you need money to start business in Maple Grove MN, you ought to talk with a local Maple Grove SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Maple Grove businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Highland Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Management Recruiters International, Inc.

Determining Proper Capital Structure for a Business

SBA Participating Banks in Saint Michael, Minnesota

SBA Lenders in Minnesota