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May 5, 2024 |
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| Home > Small Business Lenders by State > North Dakota Business Loan Sources > Glen Ullin, Business Loans > Bank Of Glen Ullin Glen Ullin Business Loans > Northern Twist, Inc. Loan | ||||
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Bank Of Glen Ullin Small Business Franchise Loan
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Dickenson, ND Entrepreneur Gets SBA Loan to Buy Mrs. Field's Cookies FranchiseNeed a loan to buy a Mrs. Field's Cookies franchise? Bank Of Glen Ullin has a history of making these loans and they are guaranteed by the SBA. If you live near Dickenson, North Dakota and are interested in buying a Mrs. Field's Cookies franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2000 by Bank Of Glen Ullin. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower NORTHERN TWIST, INC. SBA Loan Lender BANK OF GLEN ULLIN This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places Loan Approval Date 5/8/2000 Loan Approval Gross Amount $43,000 Loan Approval from the SBA Of the total $43,000 loan amount, the SBA guaranteed $34,400. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Mrs. Field's Cookies franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Mrs. Fields Original Cookies, Inc. Best Banks for Small Business in Glen Ullin, North Dakota
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