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May 2, 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 > Great Harvest Bread Co Loan | ||||
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Raising Money in Burnsville, Minnesota With SBA Loans
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Minnesota Entrepreneur Secures Financing to Buy Great Harvest Bread Co. FranchiseNeed a loan to invest in a Great Harvest Bread Co. franchise? M&i Marshall & Ilsley Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Great Harvest Bread Co. franchise? If so, here's a 2001 SBA franchise loan that you should know about. M&i Marshall & Ilsley Bank was the lender and the entrepreneur was based in Burnsville, Minnesota. SBA Loan Borrower GREAT HARVEST BREAD CO SBA Loan Lender M&I MARSHALL & ILSLEY BANK This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 311811 - Retail Bakeries Loan Approval Date 8/8/2001 Loan Approval Gross Amount $215,000 Loan Approval from the SBA Of the total $215,000 loan amount, the SBA guaranteed $161,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Great Harvest Bread Co. franchise. At the time of the loan, the company had 20 employees. This SBA loan request indicated that the loan would help retain 20 existing jobs. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We can help you find the best banks for small businesses in Burnsville or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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:
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