Minnesota Entrepreneur Secures Financing to Buy Cousins Submarines restaurant Franchise

Need money to invest in a Cousins Submarines restaurant franchise? Western Bank has a history of making these loans and they are guaranteed by the SBA.

Cousins Submarines restaurant franchise loans are available to Oak Park Heights, Minnesota entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Western Bank, based in Mounds View, Minnesota, issued an SBA franchise loan for a Cousins Submarines restaurant franchise in 2003. We've got all the details on this Minnesota small business loan.

SBA Loan Borrower

COUSINS SUBS
OAK PARK HEIGHTS, MN 55128

SBA Loan Lender

WESTERN BANK
2711 NE HWY 10
MOUNDS VIEW, MN 55112

This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

12/18/2003

Loan Approval Gross Amount

$76,000

Loan Approval from the SBA

Of the total $76,000 loan amount, the SBA guaranteed $38,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Cousins Submarines restaurant 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 3 new jobs.

Getting an SBA Loan For Your 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 funding source

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 $76,000 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:

Cousins Subs

Investor Turnoffs

Small Business Banks in Mounds View, Minnesota

Getting an SBA Loan in Minnesota