Stearns Bank Provides SBA Loan to Buy Marble Slab Creamery Franchise

Need money to buy a Marble Slab Creamery franchise? Stearns Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Marble Slab Creamery franchise may simply require a phone call to a local SBA banker. In 2006, Stearns Bank issued an SBA franchise loan to an entrepreneur in Orlando, Florida. Because Marble Slab Creamery was registered with the SBA's registry of franchises, this Florida small business loan was issued on an expedited basis.

SBA Loan Borrower

MARBLE SLAB CREAMERY
ORLANDO, FL 32824

SBA Loan Lender

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

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

7/7/2006

Loan Approval Gross Amount

$312,700

Loan Approval from the SBA

Of the total $312,700 loan amount, the SBA guaranteed $234,525.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Marble Slab Creamery franchise. At the time of the loan, the company had 18 employees. The SBA loan application for the borrower indicated that the loan would help generate 16 new jobs and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $312,700 loan. Remember, fight for what you want, and it will be yours!

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:

Marble Slab Creamery, Inc.

Obtaining Funding - How to Borrow Money

SBA Participating Banks in Saint Cloud, Minnesota

Minnesota SBA 7A Lenders