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April 24, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Saint Cloud, Business Loans > Bremer Bank Saint Cloud Business Loans > Culvers Of Cambridge Loan | ||||
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SBA Lenders for Cambridge, Minnesota Business Owners
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Borrow Money to Buy a Culver's Frozen Custard FranchiseNeed money to purchase a Culver's Frozen Custard franchise? Bremer Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Culver's Frozen Custard franchise may simply require a phone call to a local SBA banker. In 2002, Bremer Bank issued an SBA franchise loan to an entrepreneur in Cambridge, Minnesota. Because Culver's Frozen Custard was registered with the SBA's registry of franchises, this Minnesota small business loan was issued on an expedited basis. SBA Loan Borrower CULVERS OF CAMBRIDGE SBA Loan Lender BREMER 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. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 4/12/2002 Loan Approval Gross Amount $1,743,000 Loan Approval from the SBA Of the total $1,743,000 loan amount, the SBA guaranteed $999,993. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Culver's Frozen Custard franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 59 new jobs and retain 1 existing job. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. We can help you find the best banks for small businesses in Cambridge 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: Role of Business Plan When Raising Money SBA Banks in Saint Cloud, Minnesota
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