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April 28, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Minneapolis, Business Loans > Associated Bank Minneapolis Business Loans > Freshens Premium Yogurt Loan | ||||
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I Need an SBA Loan to Buy a Franchise in Brooklyn Center, Minnesota
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Borrow Money to Buy a Freshen's Premium Yogurt FranchiseNeed money to purchase a Freshen's Premium Yogurt franchise? Associated Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Brooklyn Center, Minnesota and are interested in buying a Freshen's Premium Yogurt franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2000 by Associated Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower FRESHENS PREMIUM YOGURT SBA Loan Lender ASSOCIATED BANK 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. SIC Code 5451 - Dairy Products Stores NAICS Code 445299 - Specialty Food Stores Loan Approval Date 3/24/2000 Loan Approval Gross Amount $618,000 Loan Approval from the SBA Of the total $618,000 loan amount, the SBA guaranteed $463,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Freshen's Premium Yogurt franchise. At the time of the loan, the company had 25 employees. The loan application indicated that the loan would help retain 25 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Role of Business Plan When Raising Money Who Lends Money to Small Businesses in Minneapolis, Minnesota
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