Northfield, MN Entrepreneur Gets SBA Loan to Buy Curves For Women Franchise

Need money to buy a Curves For Women franchise? Vermillion State Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Northfield, Minnesota needed money to invest in a Curves For Women franchise back in 2002. Vermillion State Bank issued an SBA franchise loan. Here are the details on this Minnesota small business loan.

SBA Loan Borrower

CURVES FOR WOMEN
NORTHFIELD, MN 55057

SBA Loan Lender

VERMILLION STATE BANK
107 E MAIN ST
VERMILLION, MN 55085

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

8/28/2002

Loan Approval Gross Amount

$97,000

Loan Approval from the SBA

Of the total $97,000 loan amount, the SBA guaranteed $82,450.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Curves For Women franchise. At the time of the loan, the company had 9 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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

Curves

Business Credit Evaluation

SBA Participating Banks in Vermillion, Minnesota

Getting an SBA Loan in Minnesota