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April 27, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Edina, Business Loans > Crown Bank Edina Business Loans > Dunn Bros Coffee Loan | ||||
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How Can I Buy a Franchise in Minneapolis, Minnesota?
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Minnesota Entrepreneur Secures Financing to Buy Dunn Bros Coffee FranchiseBorrowing money to buy a Dunn Bros Coffee franchise? Crown Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Minneapolis, Minnesota needed money to invest in a Dunn Bros Coffee franchise back in 2004. Crown Bank issued an SBA franchise loan. Here are the details on this Minnesota small business loan. SBA Loan Borrower DUNN BROS COFFEE SBA Loan Lender CROWN 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 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 1/23/2004 Loan Approval Gross Amount $217,900 Loan Approval from the SBA Of the total $217,900 loan amount, the SBA guaranteed $163,425. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Dunn Bros Coffee franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 5 new jobs and retain 1 existing job. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. We can help you find the best banks for small businesses in Minneapolis 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: Best Banks in Edina, Minnesota Find an SBA Lender in Minnesota
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