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April 18, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Sioux Falls, Business Loans > Wells Fargo Bank Sioux Falls Business Loans > Mgm Wine & Spirits-Tonka Bay Loan | ||||
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I Need a Business Loan to Buy a Franchise in Excelsior, Minnesota
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Minnesota Entrepreneur Secures Financing to Buy Mgm Liquor FranchiseNeed money to invest in a Mgm Liquor franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA. Mgm Liquor franchise loans are available to Excelsior, Minnesota entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wells Fargo Bank, based in Sioux Falls, South Dakota, issued an SBA franchise loan for a Mgm Liquor franchise in 2007. We've got all the details on this Minnesota small business loan. SBA Loan Borrower MGM WINE & SPIRITS-TONKA BAY SBA Loan Lender WELLS FARGO BANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA loans to to entrepreneurs who might have trouble getting a conventional bank 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 10/3/2007 Loan Approval Gross Amount $552,000 Loan Approval from the SBA Of the total $552,000 loan amount, the SBA guaranteed $414,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Mgm Liquor franchise. At the time of the loan, the company had 12 employees. This SBA loan request indicated that the loan would help retain 12 existing jobs. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $552,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Borrowing Money from Friends and Family Who Lends Money to Small Businesses in Sioux Falls, South Dakota
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