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November 15, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Saint Cloud, Business Loans > Stearns Bank Saint Cloud Business Loans > Frullati Cafe Loan | ||||
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Good Sources for Orland Park SBA Loans
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Borrow Money to Buy a Frullati Cafe FranchiseNeed money to purchase a Frullati Cafe franchise? Stearns Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Orland Park, Illinois needed money to invest in a Frullati Cafe franchise back in 2005. Stearns Bank issued an SBA franchise loan. Here are the details on this Illinois small business loan. SBA Loan Borrower FRULLATI CAFE SBA Loan Lender STEARNS BANK 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 445291 - Baked Goods Stores Loan Approval Date 4/14/2005 Loan Approval Gross Amount $140,000 Loan Approval from the SBA Of the total $140,000 loan amount, the SBA guaranteed $119,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Frullati Cafe franchise. At the time of the loan, the company had 6 employees. The loan application did not indicate that the small business planned to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: Family and Friend Investors - Your First Financiers SBA Participating Banks in Saint Cloud, Minnesota Getting a Business Loan in Minnesota
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