Minnesota Entrepreneur Secures Financing to Buy Fantastic Sam's Franchise

Need money to invest in a Fantastic Sam's franchise? Citizens St. Bank - Waverly (inc has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Fantastic Sam's franchise? If so, here's a 2004 SBA franchise loan that you should know about. Citizens St. Bank - Waverly (inc was the lender and the entrepreneur was based in North Saint Paul, Minnesota.

SBA Loan Borrower

FANTASTIC SAM'S
NORTH SAINT PAUL, MN 55109

SBA Loan Lender

CITIZENS ST. BANK - WAVERLY (INC
609 PACIFIC AVE
WAVERLY, MN 55390

This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

7/28/2004

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Fantastic Sam's franchise. At the time of the loan, the company had 6 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer 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:

Fantastic Sams

Business Cash Advances

Good Banks for Small Business in Waverly, Minnesota

Minnesota SBA 7A Lenders