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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 > Professional Sports Clubs And Promoters Loan | ||||
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Saint Cloud Bank Loan
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Saint Cloud, Minnesota Lender Lends Money to Professional Sports Clubs And Promoters CompanyWant to talk with a Saint Cloud, Minnesota bank about a small business loan? Here's one Minnesota business loan, issued by a Saint Cloud bank, that was approved by the SBA. Applying for an SBA loan with Stearns Bank worked out well for our friends at one local company in St. Cloud, Minnesota. They received an SBA loan for $267,100. Awesome! SBA Loan Borrower COMPANY TYPE: PROFESSIONAL SPORTS CLUBS AND PROMOTERS SBA Loan Lender STEARNS BANK 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. SIC Code 7941 - Professional Sports Clubs and Promoters Loan Approval Date 2/28/2000 Loan Approval Gross Amount $267,100 Loan Approval from the SBA Of the total $267,100 loan amount, the SBA guaranteed $200,325. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 2 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. This SBA loan was for $267,100. How would you spend $267,100 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: SBA 7A Banks in Saint Cloud, Minnesota
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