Stearns Bank Provides SBA Loan to Buy Jenny Craig Weight Loss Centers Franchise

Need money to buy a Jenny Craig Weight Loss Centers franchise? Stearns Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Simpsonville, South Carolina and are interested in buying a Jenny Craig Weight Loss Centers franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by Stearns Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

JENNY CRAIG
SIMPSONVILLE, SC 29681

SBA Loan Lender

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

This small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812191 - Diet and Weight Reducing Centers

Loan Approval Date

1/17/2006

Loan Approval Gross Amount

$102,900

Loan Approval from the SBA

Of the total $102,900 loan amount, the SBA guaranteed $87,465.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Jenny Craig Weight Loss Centers franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Jenny Craig International, Inc.

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Small Business Banks in Saint Cloud, Minnesota

SBA Minnesota Banks