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December 22, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Richfield, Business Loans > M&i Marshall & Ilsley Bank Richfield Business Loans > Steak Escape Loan | ||||
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Business Loans for Minneapolis Businesses
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Borrow Money to Buy an Escape Enterprises FranchiseNeed money to purchase an Escape Enterprises franchise? M&i Marshall & Ilsley Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Minneapolis, Minnesota and are interested in buying an Escape Enterprises franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2001 by M&i Marshall & Ilsley Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower STEAK ESCAPE SBA Loan Lender M&I MARSHALL & ILSLEY BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 9/21/2001 Loan Approval Gross Amount $257,000 Loan Approval from the SBA Of the total $257,000 loan amount, the SBA guaranteed $192,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy an Escape Enterprises franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower indicated that the loan would help generate 12 new jobs and retain 15 existing jobs. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $257,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Good Banks for Small Business in Richfield, Minnesota
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