Loan to Buy Skatetime School Programs Franchise Issued By University Finan Corp. Dba Sun

Need money to purchase a Skatetime School Programs franchise? University Finan Corp. Dba Sun has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in St. Paul, Minnesota needed money to invest in a Skatetime School Programs franchise back in 2000. University Finan Corp. Dba Sun issued an SBA franchise loan. Here are the details on this Minnesota small business loan.

SBA Loan Borrower

SKATETIME SCHOOL PROGRAMS
ST. PAUL, MN 55071

SBA Loan Lender

UNIVERSITY FINAN CORP. DBA SUN
200 UNIVERSITY AVE WEST
SAINT PAUL, MN 55103

This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713990 - Amusement and Recreation Industries

Loan Approval Date

11/14/2000

Loan Approval Gross Amount

$144,000

Loan Approval from the SBA

Of the total $144,000 loan amount, the SBA guaranteed $108,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Skatetime School Programs franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower indicated that the loan would help retain 6 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

While you may be able to find other ways to get money to start a business, 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.

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