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November 22, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Saint Cloud, Business Loans > Stearns Bank Saint Cloud Business Loans > Edible Arrangements Loan | ||||
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Best Banks for Belle Plaine Business Owners
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Stearns Bank Provides SBA Loan to Buy Edible Arrangements FranchiseNeed a loan to purchase an Edible Arrangements franchise? Stearns Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Belle Plaine, Iowa needed money to invest in an Edible Arrangements franchise back in 2005. Stearns Bank issued an SBA franchise loan. Here are the details on this Iowa small business loan. SBA Loan Borrower EDIBLE ARRANGEMENTS SBA Loan Lender STEARNS BANK This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 453110 - Florists Loan Approval Date 11/8/2005 Loan Approval Gross Amount $114,000 Loan Approval from the SBA Of the total $114,000 loan amount, the SBA guaranteed $96,900. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy an Edible Arrangements franchise. At the time of the loan, the company had 6 employees. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 2 existing jobs. Next Steps for Getting an SBA Loan Don't forget. To get an SBA loan, you must 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. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Small Business Banks in Saint Cloud, Minnesota
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