Borrow Money to Buy a Mgm Liquor Franchise

Need a loan to purchase a Mgm Liquor franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near White Bear Lake, Minnesota and are interested in buying a Mgm Liquor franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by Wells Fargo Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

RAEBURN & ASSOCIATES, INC
WHITE BEAR LAKE, MN 55110

SBA Loan Lender

WELLS FARGO BANK
1455 W LAKE ST
MINNEAPOLIS, MN 55408

This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445310 - Beer, Wine, and Liquor Stores

Loan Approval Date

4/5/2007

Loan Approval Gross Amount

$664,000

Loan Approval from the SBA

Of the total $664,000 loan amount, the SBA guaranteed $498,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Mgm Liquor franchise. At the time of the loan, the company had 8 employees. The SBA loan documents indicated that the loan would help retain 8 existing jobs.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Obtaining Funding From a Venture Capitalist

SBA 7A Banks in Minneapolis, Minnesota

Getting a Business Loan in Minnesota