Borrow Money to Buy a Pump It Up Franchise

Need a loan to purchase a Pump It Up franchise? First National Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Plymouth, Minnesota and are interested in buying a Pump It Up franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by First National Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

MARVEL, LLC
PLYMOUTH, MN 55447

SBA Loan Lender

FIRST NATIONAL BANK
13605 27TH AVE NORTH
PLYMOUTH, MN 55441

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

711410 - Agents and Managers for Artists, Athletes, Entertainers, and Public Figures

Loan Approval Date

5/26/2005

Loan Approval Gross Amount

$290,000

Loan Approval from the SBA

Of the total $290,000 loan amount, the SBA guaranteed $217,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Pump It Up franchise. At the time of the loan, the company had 25 employees. The SBA loan documents did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

We can help you find the best banks for small businesses in Plymouth or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

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Find an SBA Lender in Plymouth, Minnesota

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