West Fargo, ND Entrepreneur Gets SBA Loan to Buy Mrs. Field's Cookies Franchise

Borrowing money to purchase a Mrs. Field's Cookies franchise? Union State Bank Of Fargo has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Mrs. Field's Cookies franchise? If so, here's a 2006 SBA franchise loan that you should know about. Union State Bank Of Fargo was the lender and the entrepreneur was based in West Fargo, North Dakota.

SBA Loan Borrower

MRS FIELDS COOKIES
WEST FARGO, ND 58078

SBA Loan Lender

UNION STATE BANK OF FARGO
4530 17TH AVE SOUTH
FARGO, ND 58103

This lender processed this SBA business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

445291 - Baked Goods Stores

Loan Approval Date

11/16/2006

Loan Approval Gross Amount

$23,000

Loan Approval from the SBA

Of the total $23,000 loan amount, the SBA guaranteed $11,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Mrs. Field's Cookies franchise. At the time of the loan, the company had 4 employees. The SBA loan documents indicated that the loan would help retain 4 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you are wondering how to raise money for a business in West Fargo ND, you ought to talk with a local West Fargo SBA lender or talk with an out-of-area SBA lender that has previously loaned money to West Fargo businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Union State Bank Of Fargo that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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.

Understanding Dilution

Banks in Fargo, North Dakota

SBA Participating Banks in North Dakota