Borrow Money to Buy a Blimpie Franchise

Need a loan to purchase a Blimpie franchise? Western Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Blimpie franchise? If so, here's a 2005 SBA franchise loan that you should know about. Western Bank was the lender and the entrepreneur was based in Shoreview, Minnesota.

SBA Loan Borrower

KEN'S MARKET AND BLIMPIE
SHOREVIEW, MN 55112

SBA Loan Lender

WESTERN BANK
2711 NE HWY 10
MOUNDS VIEW, MN 55112

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

445110 - Supermarkets and Grocery Stores

Loan Approval Date

9/16/2005

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Blimpie franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you want money for new small business in Shoreview MN, you ought to talk with a local Shoreview SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Shoreview businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Western Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Blimpie Subs & Salads

Financing Your Business

Who Lends Money to Small Businesses in Mounds View, Minnesota

Where to Get an SBA Loan Minnesota