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November 15, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Saint Paul, Business Loans > Park Midway Bank Saint Paul Business Loans > Dunn Bros Coffee Loan | ||||
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Business Loans for Minneapolis Entrepreneurs
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Minnesota Entrepreneur Secures Financing to Buy Dunn Bros Coffee FranchiseNeed 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 2004 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 SBA Loan Lender PARK MIDWAY BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 8/27/2004 Loan Approval Gross Amount $296,000 Loan Approval from the SBA Of the total $296,000 loan amount, the SBA guaranteed $222,000. 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 22 employees. The loan application indicated that the loan would help generate 10 new jobs and retain 32 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great source of funding. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Park Midway Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Park Midway Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Best Saint Paul, Minnesota Banks for Small Business
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