Loan to Buy Four Seasons Siding Contractors Franchise Issued By Farmers & Merchants St. Bank - P

Need money to buy a Four Seasons Siding Contractors franchise? Farmers & Merchants St. Bank - P has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Four Seasons Siding Contractors franchise? If so, here's a 2005 SBA franchise loan that you should know about. Farmers & Merchants St. Bank - P was the lender and the entrepreneur was based in Sauk Rapids, Minnesota.

SBA Loan Borrower

FOUR SEASONS SIDING CONTRACTOR
SAUK RAPIDS, MN 56379

SBA Loan Lender

FARMERS & MERCHANTS ST. BANK - P
1301 2ND ST NORTH
SAUK RAPIDS, MN 56379

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

238170 - Siding Contractors

Loan Approval Date

3/11/2005

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $100,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Four Seasons Siding Contractors franchise. At the time of the loan, the company had 34 employees. The loan application indicated that the loan would help generate 8 new jobs and retain 26 existing jobs.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Farmers & Merchants St. Bank - P and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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Small Business Banks in Sauk Rapids, Minnesota

Minnesota SBA 7A Banks