Saint Paul, MN Entrepreneur Gets SBA Loan to Buy Medicine Shoppe Franchise

Need money to invest in a Medicine Shoppe franchise? U.S. Bank National Association has a history of making these loans and they are guaranteed by the SBA.

Medicine Shoppe franchise loans are available to Saint Paul, Minnesota entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, U.S. Bank National Association, based in Cincinnati, Ohio, issued an SBA franchise loan for a Medicine Shoppe franchise in 2006. We've got all the details on this Minnesota small business loan.

SBA Loan Borrower

D.W. KOSKI INC.
SAINT PAUL, MN 55118

SBA Loan Lender

U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

446110 - Pharmacies and Drug Stores

Loan Approval Date

9/28/2006

Loan Approval Gross Amount

$268,800

Loan Approval from the SBA

Of the total $268,800 loan amount, the SBA guaranteed $134,400.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Medicine Shoppe franchise. At the time of the loan, the company had 10 employees. This SBA loan request indicated that the loan would help retain 10 existing jobs.

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 Saint Paul 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:

Medicine Shoppe International, Inc.

Financing Your Business

Small Business Banks in Cincinnati, Ohio

SBA Ohio Lenders