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December 24, 2024 |
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| Home > Small Business Lenders by State > Oregon Business Loan Sources > Saint Cloud, Business Loans > Stearns Bank Saint Cloud Business Loans > Limited-Service Restaurants Loan | ||||
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Minnesota SBA 7A Lenders
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Saint Cloud, Minnesota Bank Lends Money to Limited-Service Restaurants Company in Beaverton, OregonThinking about meeting with a Saint Cloud, Minnesota bank about an SBA loan? Here's one Oregon business loan, issued by a Saint Cloud bank, that was approved by the SBA. Applying for an SBA loan with Stearns Bank worked out well for our friends at one local company in Beaverton, Oregon. They got an SBA loan for $371,000. Awesome! SBA Loan Borrower COMPANY TYPE: LIMITED-SERVICE RESTAURANTS SBA Loan Lender STEARNS 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 722211 - Limited-Service Restaurants Loan Approval Date 7/19/2006 Loan Approval Gross Amount $371,000 Loan Approval from the SBA Of the total $371,000 loan amount, the SBA guaranteed $278,250. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help create 9 new jobs. Getting an SBA Loan For Your Business The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. We've showcased information on this loan to let you know that businesses like yours 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: Obtaining Funding - How to Decide How Much to Raise Banks in Saint Cloud, Minnesota Find an SBA Lender in Minnesota
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