Borrow Money to Buy a Christmas Decor Franchise

Need a loan to buy a Christmas Decor franchise? Crown Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Eden Prairie, Minnesota and are interested in buying a Christmas Decor franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2002 by Crown Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

CHRISTMAS DECOR
EDEN PRAIRIE, MN 55346

SBA Loan Lender

CROWN BANK
6600 FRANCE AVE SOUTH, STE 12
EDINA, MN 55435

This lender issued this particular bank 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.

SIC Code

0782 - Lawn and Garden Services

NAICS Code

561730 - Landscaping Services

Loan Approval Date

9/23/2002

Loan Approval Gross Amount

$65,000

Loan Approval from the SBA

Of the total $65,000 loan amount, the SBA guaranteed $55,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Christmas Decor franchise. At the time of the loan, the company had 55 employees. The SBA loan documents did not indicate that the business promised to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Crown Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Christmas Decor, Inc.

Accountant's Role in Securing Financing

SBA Approved Banks in Edina, Minnesota

SBA Minnesota Banks