Stearns Bank Provides SBA Loan to Buy Deck The Walls Franchise

Borrowing money to invest in a Deck The Walls franchise? Stearns Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Deck The Walls franchise shouldn't be overly burdensome. In 2004, Stearns Bank issued an SBA franchise loan to an entrepreneur in Sarasota, Florida. Because Deck The Walls was registered with the SBA's registry of franchises, this Florida small business loan was issued on an expedited basis.

SBA Loan Borrower

DECK THE WALLS
SARASOTA, FL 34231

SBA Loan Lender

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

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5999 - Retail Stores

NAICS Code

453920 - Art Dealers

Loan Approval Date

10/26/2004

Loan Approval Gross Amount

$233,600

Loan Approval from the SBA

Of the total $233,600 loan amount, the SBA guaranteed $175,200.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Deck The Walls franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Stearns Bank and they will explain how you can get an SBA loan for your company.

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:

Deck The Walls, Inc.

The Friends and Family Network

Best Banks for Small Business in Saint Cloud, Minnesota

SBA Minnesota Banks