Borrow Money to Buy a Two Men And A Truck Franchise

Need a loan to purchase a Two Men And A Truck franchise? Stearns Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Two Men And A Truck franchise requires some effort but others before you have been successful. In 2005, Stearns Bank issued an SBA franchise loan to an entrepreneur in Ann Arbor, Michigan. Because Two Men And A Truck was registered with the SBA's registry of franchises, this Michigan small business loan was issued on an expedited basis.

SBA Loan Borrower

TWO MEN AND A TRUCK
ANN ARBOR, MI 48103

SBA Loan Lender

STEARNS BANK
4191 2ND ST SOUTH
SAINT CLOUD, MN 56301

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

484210 - Used Household and Office Goods Moving

Loan Approval Date

5/6/2005

Loan Approval Gross Amount

$475,000

Loan Approval from the SBA

Of the total $475,000 loan amount, the SBA guaranteed $356,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Two Men And A Truck franchise. At the time of the loan, the company had 24 employees. The SBA loan documents indicated that the loan would help generate 6 new jobs and retain 30 existing jobs.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

This SBA loan was for $475,000. How would you spend $475,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Two Men And A Truck International, Inc.

Getting a Small Business Loan

SBA 7A Lenders in Saint Cloud, Minnesota

Minnesota SBA Banks