Loan to Buy Dunn Bros Coffee Franchise Issued By Park Midway Bank

Need money to invest in a Dunn Bros Coffee franchise? Park Midway Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Dunn Bros Coffee franchise shouldn't be overly burdensome. In 2003, Park Midway Bank issued an SBA franchise loan to an entrepreneur in Stillwater, Minnesota. Because Dunn Bros Coffee was registered with the SBA's registry of franchises, this Minnesota small business loan was issued on an expedited basis.

SBA Loan Borrower

DUNN BROS COFFEE
STILLWATER, MN 55082

SBA Loan Lender

PARK MIDWAY BANK
2300 COMO AVE
SAINT PAUL, MN 55108

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

9/3/2003

Loan Approval Gross Amount

$229,300

Loan Approval from the SBA

Of the total $229,300 loan amount, the SBA guaranteed $171,975.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Dunn Bros Coffee franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 5 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This SBA loan was for $229,300. How would you spend $229,300 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:

Dunn Brothers Coffee Shops

SBIR Funding

Banks in Saint Paul, Minnesota

SBA Minnesota Banks