Stearns Bank Provides SBA Loan to Buy The Great Frame Up Systems Franchise

Need a loan to invest in a Great Frame Up Systems franchise? Stearns Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Hillsboro, Oregon needed money to invest in a The Great Frame Up Systems franchise back in 2004. Stearns Bank issued an SBA franchise loan. Here are the details on this Oregon small business loan.

SBA Loan Borrower

THE GREAT FRAME UP
HILLSBORO, OR 97124

SBA Loan Lender

STEARNS BANK
4191 2ND ST SOUTH
SAINT CLOUD, MN 56301

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453920 - Art Dealers

Loan Approval Date

7/21/2004

Loan Approval Gross Amount

$149,000

Loan Approval from the SBA

Of the total $149,000 loan amount, the SBA guaranteed $126,650.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a The Great Frame Up Systems franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

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:

The Great Frame Up

Small Business Credit Cards

SBA Approved Banks in Saint Cloud, Minnesota

SBA Minnesota Lenders