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November 21, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Saint Cloud, Business Loans > Stearns Bank Saint Cloud Business Loans > Jimmy John's Loan | ||||
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Where to Get an SBA 7A Loan to Purchase a Franchise
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Missouri Entrepreneur Secures Financing to Buy Jimmy John's FranchiseBorrowing money to buy a Jimmy John's franchise? Stearns Bank has a history of making these loans and they are guaranteed by the SBA. Jimmy John's franchise loans are available to St. Peters, 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 Jimmy John's franchise in 2006. We've got all the details on this Missouri small business loan. SBA Loan Borrower JIMMY JOHN'S SBA Loan Lender STEARNS BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small 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 722211 - Limited-Service Restaurants Loan Approval Date 2/24/2006 Loan Approval Gross Amount $232,000 Loan Approval from the SBA Of the total $232,000 loan amount, the SBA guaranteed $174,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Jimmy John's franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you are wondering how to raise money for a business in St. Peters MO, you ought to talk with a local St. Peters SBA lender or talk with an out-of-area SBA lender that has previously loaned money to St. Peters businesses. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Jimmy John's Gourmet Sandwiches SBA Banks in Saint Cloud, Minnesota
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