Minnesota Entrepreneur Secures Financing to Buy Visiting Angels Franchise

Borrowing money to invest in a Visiting Angels franchise? First Minnesota Bank has a history of making these loans and they are guaranteed by the SBA.

Visiting Angels franchise loans are available to St. Louis Park, Minnesota entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First Minnesota Bank, based in Minnetonka, Minnesota, issued an SBA franchise loan for a Visiting Angels franchise in 2005. We've got all the details on this Minnesota small business loan.

SBA Loan Borrower

VISITING ANGELS
ST. LOUIS PARK, MN 55416

SBA Loan Lender

FIRST MINNESOTA BANK
4625 COUNTY RD 101
MINNETONKA, MN 55345

This lender processed this loan for a small business under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

621610 - Home Health Care Services

Loan Approval Date

9/12/2005

Loan Approval Gross Amount

$70,000

Loan Approval from the SBA

Of the total $70,000 loan amount, the SBA guaranteed $35,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Visiting Angels franchise. At the time of the loan, the company had 140 employees. The SBA loan documents indicated that the loan would help generate 20 new jobs and retain 140 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you need money to start business in St. Louis Park MN, you ought to talk with a local St. Louis Park SBA lender or talk with an out-of-area SBA lender that has previously loaned money to St. Louis Park businesses.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Visiting Angels

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Banks in Minnetonka, Minnesota

Minnesota SBA 7A Lenders