Loan to Buy Pretzelmaker Franchise Issued By Park Midway Bank

Need a loan to buy a Pretzelmaker franchise? Park Midway Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Pretzelmaker franchise is doable. In 2003, Park Midway Bank issued an SBA franchise loan to an entrepreneur in Maplewood, Minnesota. Because Pretzelmaker was registered with the SBA's registry of franchises, this Minnesota small business loan was issued on an expedited basis.

SBA Loan Borrower

SPUD STARS
MAPLEWOOD, MN 55109

SBA Loan Lender

PARK MIDWAY BANK
2300 COMO AVE
SAINT PAUL, MN 55108

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

7/17/2003

Loan Approval Gross Amount

$104,900

Loan Approval from the SBA

Of the total $104,900 loan amount, the SBA guaranteed $89,165.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Pretzelmaker franchise. At the time of the loan, the company had 4 employees. The loan application indicated that the loan would help generate 1 new job and retain 5 existing jobs.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Park Midway 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:

Pretzelmaker Inc.

Obtaining Funding - Getting Venture Capital

Banks in Saint Paul, Minnesota

Minnesota SBA Bank Lenders