Thief River Falls, MN Entrepreneur Gets SBA Loan to Buy Felicia Lundstrom Agency Franchise

Borrowing money to invest in a Felicia Lundstrom Agency franchise? Border State Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Felicia Lundstrom Agency franchise? If so, here's a 2005 SBA franchise loan that you should know about. Border State Bank was the lender and the entrepreneur was based in Thief River Falls, Minnesota.

SBA Loan Borrower

FELICIA LUNDSTROM AGENCY
THIEF RIVER FALLS, MN 56701

SBA Loan Lender

BORDER STATE BANK
133 MAIN ST NORTH
GREENBUSH, MN 56726

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

524126 - Direct Property and Casualty Insurance Carriers

Loan Approval Date

1/24/2005

Loan Approval Gross Amount

$15,000

Loan Approval from the SBA

Of the total $15,000 loan amount, the SBA guaranteed $7,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Felicia Lundstrom Agency franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

We've showcased information on this loan to let you know that businesses like yours 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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