 |
 |
November 21, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Iowa Business Loan Sources > Saint Cloud, Business Loans > Stearns Bank Saint Cloud Business Loans > Ah Enterprises Inc Loan | ||||
 |
||||
Where to Get an SBA Loan to Purchase a Franchise
|
||||
 |
Urbandale, IA Entrepreneur Gets SBA Loan to Buy Quiznos FranchiseBorrowing money to purchase a Quiznos franchise? Stearns Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Urbandale, Iowa and are interested in buying a Quiznos franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2002 by Stearns Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower AH ENTERPRISES INC 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. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 10/21/2002 Loan Approval Gross Amount $105,000 Loan Approval from the SBA Of the total $105,000 loan amount, the SBA guaranteed $89,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Quiznos franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 15 new jobs and retain 15 existing jobs. Getting an SBA Loan For Your Business The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Stearns Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: A Company That Helps Entrepreneurs SBA 7A Lenders in Saint Cloud, Minnesota
|
|
||
|
||||
|
|
||||