Borrow Money to Buy a Dunn Bros Coffee Franchise

Need a loan to invest in a Dunn Bros Coffee franchise? Stearns Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Rosemount, Minnesota needed money to invest in a Dunn Bros Coffee franchise back in 2005. Stearns Bank issued an SBA franchise loan. Here are the details on this Minnesota small business loan.

SBA Loan Borrower

DUNN BROTHERS COFFEE
ROSEMOUNT, MN 55068

SBA Loan Lender

STEARNS BANK
4191 2ND ST SOUTH
SAINT CLOUD, MN 56301

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

10/20/2005

Loan Approval Gross Amount

$290,600

Loan Approval from the SBA

Of the total $290,600 loan amount, the SBA guaranteed $217,950.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Dunn Bros Coffee franchise. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 1 existing job.

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

Many small businesses receive loans backed by the U.S. Small Business Administration.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Stearns Bank and they will explain how you can get an SBA loan for your company.

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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