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May 5, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Richfield, Business Loans > M&i Marshall & Ilsley Bank Richfield Business Loans > Steak Escape Loan | ||||
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I Need an SBA Loan to Buy a Franchise in Minneapolis, Minnesota
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Minneapolis, MN Entrepreneur Gets SBA Loan to Buy Steak Escape FranchiseNeed a loan to buy a Steak Escape franchise? M&i Marshall & Ilsley Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Minneapolis, Minnesota needed money to invest in a Steak Escape franchise back in 2000. M&i Marshall & Ilsley Bank issued an SBA franchise loan. Here are the details on this Minnesota small business loan. SBA Loan Borrower STEAK ESCAPE SBA Loan Lender M&I MARSHALL & ILSLEY BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 4/10/2000 Loan Approval Gross Amount $232,000 Loan Approval from the SBA Of the total $232,000 loan amount, the SBA guaranteed $174,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Steak Escape franchise. At the time of the loan, the company had 15 employees. The loan application indicated that the loan would help generate 17 new jobs and retain 32 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $232,000 loan. Remember, fight for what you want, and it will be yours! 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: SBA 7A Banks in Richfield, Minnesota
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