Janesville State Bank Snap-On-Tools SBA Loans in Minnesota — 3 Funded
Minnesota loan data 1992–1998 · Updated April 2026
Janesville State Bank has funded 3 SBA loans to Snap-On-Tools franchisees in Minnesota, totaling $105K in approved financing across 1 city.
The average Snap-On-Tools loan in Minnesota from Janesville State Bank is $35K, with terms averaging 56 months. The Minnesota default rate is 33.3% based on 3 resolved loans. Minnesota represents 100.0% of Janesville State Bank's total Snap-On-Tools lending nationally.
Looking to fund a Snap-On-Tools franchise in Minnesota?
Janesville State Bank is one of 1+ lenders who have funded Snap-On-Tools in Minnesota. We can help you compare options and connect with lenders experienced in this brand and state — no retainers, referral fee at closing.
Janesville State Bank Snap-On-Tools Loan Performance in Minnesota
Based on 3 SBA loans originated by Janesville State Bank for Snap-On-Tools franchisees with Minnesota addresses, the Minnesota-specific lending relationship spans 1992–1998. Of 3 resolved Minnesota loans, 2 were paid in full and 1 resulted in chargeoffs.
The Minnesota loan size range extends from $21K to $49K, indicating Janesville State Bank funds both smaller single-unit Snap-On-Tools operations and larger multi-unit or renovation projects in Minnesota.
The 33.3% Minnesota default rate is above the SBA portfolio average. This may reflect local market conditions, the specific Minnesota cities funded, or the economic cycle when these loans originated. Prospective borrowers should compare this to other Minnesota lenders who have funded Snap-On-Tools (shown below) and consider multiple options before committing.
SBA Programs Used for Snap-On-Tools Loans in Minnesota
| Program | Loans | Avg Size | Avg Rate | Avg Term |
|---|---|---|---|---|
| SBA 7A | 3 | $35K | N/A | 56 mo |
Where in Minnesota Janesville State Bank Funds Snap-On-Tools Locations
| City | Loans | Avg Loan Size | Total Volume | Default Rate |
|---|---|---|---|---|
| Janesville | 3 | $35K | $105K | 33.3% — High Risk |
Janesville State Bank Snap-On-Tools Lending in Minnesota Over Time
| Year | Loans | Avg Size | Total Volume | Avg Rate |
|---|---|---|---|---|
| 1999 | 1 | $35K | $35K | — |
| 1994 | 1 | $21K | $21K | — |
| 1993 | 1 | $49K | $49K | — |
How to Get an SBA Loan for a Snap-On-Tools Franchise in Minnesota
If you're considering a Snap-On-Tools franchise in Minnesota and want to finance through Janesville State Bank or another SBA lender, here's what you need to know based on our analysis of 3 historical Minnesota loans.
Verify Your Qualifications
Most SBA franchise loans require a 680+ credit score, 20-30% down payment, and relevant industry or management experience.Snap-On-Tools's franchise fee and total investment determine minimum capital requirements.
Compare Minnesota Lenders
1 lenders have funded Snap-On-Tools in Minnesota. Lenders with more local Snap-On-Tools experience typically close faster because they understand both the brand and the local market. Compare rates, default rates, and city coverage above.
Get Pre-Qualified
PeerSense matches Minnesota borrowers with lenders who have a proven track record funding Snap-On-Tools in your state. No retainers — our referral fee is paid at closing. Get matched in 24 hours.
Expected loan terms based on Minnesota historical data: The average Snap-On-Tools SBA loan from Janesville State Bank in Minnesota is $35K with a 56-month term.Minnesota loan amounts range from $21K to $49K.
Ready to Fund Your Snap-On-Tools Franchise in Minnesota?
We connect you with lenders who have already funded Snap-On-Tools in Minnesota — so you can compare terms and close with confidence. No retainers. Referral fee paid at closing.