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November 14, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Saint Michael, Business Loans > Highland Bank Saint Michael Business Loans > J Harris & Associates Loan | ||||
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Where to Get a Business Loan to Purchase a Franchise
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Minnesota Entrepreneur Secures Financing to Buy Management Recruiters FranchiseNeed a loan to invest in a Management Recruiters franchise? Highland Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Maple Grove, Minnesota needed money to invest in a Management Recruiters franchise back in 2006. Highland Bank issued an SBA franchise loan. Here are the details on this Minnesota small business loan. SBA Loan Borrower J HARRIS & ASSOCIATES SBA Loan Lender HIGHLAND BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 541612 - Human Resources Consulting Services Loan Approval Date 9/25/2006 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $37,500. 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. The loan application indicated that the loan would help generate 4 new jobs and retain 4 existing jobs. Getting an SBA Loan For Your Business If you are raising money 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. This SBA loan was for $75,000. How would you spend $75,000 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: Management Recruiters International, Inc. Obtaining Funding - Friends and Family SBA Participating Banks in Saint Michael, Minnesota Find an SBA Lender in Minnesota
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