American Bank Of St. Paul Provides SBA Loan to Buy Checkers Drive-In Restaurant Franchise

Need money to purchase a Checkers Drive-In Restaurant franchise? American Bank Of St. Paul has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Checkers Drive-In Restaurant franchise? If so, here's a 2007 SBA franchise loan that you should know about. American Bank Of St. Paul was the lender and the entrepreneur was based in West St. Paul, Minnesota.

SBA Loan Borrower

CHECK OF MINNESOTA INC
WEST ST. PAUL, MN 55118

SBA Loan Lender

AMERICAN BANK OF ST. PAUL
1578 UNIVERSITY AVE WEST
SAINT PAUL, MN 55104

This SBA business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

722211 - Limited-Service Restaurants

Loan Approval Date

5/10/2007

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $75,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Checkers Drive-In Restaurant franchise. At the time of the loan, the company had 21 employees. The SBA loan documents indicated that the funding would help generate 21 new jobs.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Checkers Drive-In Restaurants, Inc.

Advice on Getting a Small Business Loan

Good Banks for Small Business in Saint Paul, Minnesota

SBA Lenders in Minnesota