St. Joseph, MO Entrepreneur Gets SBA Loan to Buy Tires Plus Franchise

Need a loan to buy a Tires Plus franchise? Stearns Bank has a history of making these loans and they are guaranteed by the SBA.

Tires Plus franchise loans are available to St. Joseph, Missouri entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Stearns Bank, based in Saint Cloud, Minnesota, issued an SBA franchise loan for a Tires Plus franchise in 2000. We've got all the details on this Missouri small business loan.

SBA Loan Borrower

TIRES PLUS OF ST JOSEPH MISSOU
ST. JOSEPH, MO 64506

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 commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5531 - Auto and Home Supply Stores

Loan Approval Date

3/28/2000

Loan Approval Gross Amount

$1,075,000

Loan Approval from the SBA

Of the total $1,075,000 loan amount, the SBA guaranteed $749,275.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Tires Plus franchise. At the time of the loan, the company had 8 employees. The SBA loan documents did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

While you may be able to find business people willing to loan money, 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.

Related Links:

Tires Plus Franchising Corporation

SBIR Funding

Banks in Saint Cloud, Minnesota

Getting a Business Loan in Minnesota