Minnesota Entrepreneur Secures Financing to Buy Dunn Bros Coffee Franchise

Borrowing money to invest in a Dunn Bros Coffee franchise? Park Midway Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Dunn Bros Coffee franchise? If so, here's a 2003 SBA franchise loan that you should know about. Park Midway Bank was the lender and the entrepreneur was based in Minneapolis, Minnesota.

SBA Loan Borrower

DUNN BROS COFFEE
MINNEAPOLIS, MN 55419

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

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

9/26/2003

Loan Approval Gross Amount

$132,100

Loan Approval from the SBA

Of the total $132,100 loan amount, the SBA guaranteed $112,285.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Dunn Bros Coffee franchise. At the time of the loan, the company had 17 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 22 existing jobs.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Dunn Brothers Coffee Shops

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SBA Participating Banks in Saint Paul, Minnesota

SBA Lenders in Minnesota