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November 15, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Saint Cloud, Business Loans > Stearns Bank Saint Cloud Business Loans > Homefurnishings Stores Loan | ||||
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Saint Cloud, Minnesota SBA Banks
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Entrepreneur Works With Saint Cloud, Minnesota Bank to Get an SBA LoanGet SBA loans from a Saint Cloud, Minnesota bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too. Stearns Bank is a Saint Cloud, Minnesota small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Minnesota company. SBA Loan Borrower COMPANY TYPE: HOMEFURNISHINGS STORES SBA Loan Lender STEARNS BANK This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5719 - Homefurnishings Stores Loan Approval Date 4/6/2000 Loan Approval Gross Amount $122,800 Loan Approval from the SBA Of the total $122,800 loan amount, the SBA guaranteed $92,100. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower indicated that the loan would help retain 8 existing jobs. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. 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: Determining Proper Capital Structure for a Business Best Saint Cloud, Minnesota Banks for Small Business Getting an SBA Loan in Minnesota
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