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May 4, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Minnetonka, Business Loans > First Minnesota Bank Minnetonka Business Loans > Cartridge World Blaine Loan | ||||
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Blaine, Minnesota Bank Loan
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Minnesota Entrepreneur Secures Financing to Buy Cartridge World Stores FranchiseBorrowing money to invest in a Cartridge World Stores franchise? First Minnesota Bank has a history of making these loans and they are guaranteed by the SBA. Cartridge World Stores franchise loans are available to Blaine, Minnesota entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First Minnesota Bank, based in Minnetonka, Minnesota, issued an SBA franchise loan for a Cartridge World Stores franchise in 2004. We've got all the details on this Minnesota small business loan. SBA Loan Borrower CARTRIDGE WORLD BLAINE SBA Loan Lender FIRST MINNESOTA BANK This lender issued this particular SBA business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541519 - Computer Related Services Loan Approval Date 10/5/2004 Loan Approval Gross Amount $128,600 Loan Approval from the SBA Of the total $128,600 loan amount, the SBA guaranteed $109,310. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Cartridge World Stores franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. While you may be able to borrow money from friends and family, 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. Related Links: A Company That Helps Entrepreneurs Good Banks for Small Business in Minnetonka, Minnesota Getting an SBA Loan in Minnesota
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