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November 14, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Eden Prairie, Business Loans > Central Bank Eden Prairie Business Loans > Hopkins Enterprises, Inc. Loan | ||||
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Central Bank Franchise Business Loans
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Central Bank Provides SBA Loan to Buy Dr. Vinyl vinyl Uphol., Etc. FranchiseNeed money to invest in a Dr. Vinyl vinyl Uphol., Etc. franchise? Central Bank has a history of making these loans and they are guaranteed by the SBA. If you live near St. Louis Park, Minnesota and are interested in buying a Dr. Vinyl vinyl Uphol., Etc. franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Central Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower HOPKINS ENTERPRISES, INC. SBA Loan Lender CENTRAL BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811420 - Reupholstery and Furniture Repair Loan Approval Date 6/24/2004 Loan Approval Gross Amount $93,500 Loan Approval from the SBA Of the total $93,500 loan amount, the SBA guaranteed $79,475. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Dr. Vinyl vinyl Uphol., Etc. franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees. 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. This SBA loan was for $93,500. How would you spend $93,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Dr. Vinyl and Associates, Ltd. Where to Get an SBA Loan in Eden Prairie, Minnesota
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