Loan to Buy Culver's Frozen Custard Franchise Issued By Amer National Bank - Minnesota

Need money to purchase a Culver's Frozen Custard franchise? Amer National Bank - Minnesota has a history of making these loans and they are guaranteed by the SBA.

Culver's Frozen Custard franchise loans are available to Pequot Lakes, Minnesota entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Amer National Bank - Minnesota, based in Baxter, Minnesota, issued an SBA franchise loan for a Culver's Frozen Custard franchise in 2005. We've got all the details on this Minnesota small business loan.

SBA Loan Borrower

BEADLE BOYS LLC
PEQUOT LAKES, MN 56472

SBA Loan Lender

AMER NATIONAL BANK - MINNESOTA
7638 WOIDA RD
BAXTER, MN 56425

The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

722110 - Full-Service Restaurants

Loan Approval Date

3/14/2005

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Culver's Frozen Custard franchise. At the time of the loan, the company had 40 employees. The loan application indicated that the loan would help generate 20 new jobs and retain 40 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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.

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