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May 18, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Maplewood, Business Loans > Premier Bank Maplewood Business Loans > Jensen Salons Inc Loan | ||||
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Business Loans for New Prague Small Business Owners
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New Prague, MN Entrepreneur Gets SBA Loan to Buy Fantastic Sam's FranchiseNeed money to invest in a Fantastic Sam's franchise? Premier Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Fantastic Sam's franchise? If so, here's a 2006 SBA franchise loan that you should know about. Premier Bank was the lender and the entrepreneur was based in New Prague, Minnesota. SBA Loan Borrower JENSEN SALONS INC SBA Loan Lender PREMIER BANK This loan for a small business was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 812112 - Beauty Salons Loan Approval Date 4/13/2006 Loan Approval Gross Amount $85,000 Loan Approval from the SBA Of the total $85,000 loan amount, the SBA guaranteed $42,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Fantastic Sam's franchise. At the time of the loan, the company had 6 employees. The SBA loan documents indicated that the borrowed money would help create 6 new jobs. Start the Process for Getting an SBA Loan Today! Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Premier Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Who Lends Money to Small Businesses in Maplewood, Minnesota
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