Raising Money for Snack and Nonalcoholic Beverage Bars

Looking for business loans for snack and nonalcoholic beverage bars? Talk to a banker who works with the SBA. This $89,365 snack and nonalcoholic beverage bars loan was issued by a Minnesota bank.

This business knew how to go about getting a business bank loan. Based in St. Cloud, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was St. Stephen State Bank, based in Saint Cloud, Minnesota.

SBA Loan Borrower

COMPANY TYPE: SNACK AND NONALCOHOLIC BEVERAGE BARS
ST. CLOUD, MN 56301

SBA Loan Lender

ST. STEPHEN STATE BANK
3950 3RD ST NORTH
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 business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

11/23/2005

Loan Approval Gross Amount

$89,365

Loan Approval from the SBA

Of the total $89,365 loan amount, the SBA guaranteed $75,960.

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 5 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.

Small Business Banks in Saint Cloud, Minnesota

SBA Lenders in Minnesota