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May 1, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Saint Cloud, Business Loans > Stearns Bank Saint Cloud Business Loans > Spicy Pickle Loan | ||||
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Business Loans for Austin Business Owners
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Texas Entrepreneur Secures Financing to Buy Spicy Pickle FranchiseNeed a loan to purchase a Spicy Pickle franchise? Stearns Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Spicy Pickle franchise? If so, here's a 2006 SBA franchise loan that you should know about. Stearns Bank was the lender and the entrepreneur was based in Austin, Texas. SBA Loan Borrower SPICY PICKLE SBA Loan Lender STEARNS BANK This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 1/25/2006 Loan Approval Gross Amount $325,200 Loan Approval from the SBA Of the total $325,200 loan amount, the SBA guaranteed $243,900. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Spicy Pickle franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the small business promised to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Stearns Bank and they will explain how you can get an SBA loan for your company. 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 Approved Banks in Saint Cloud, Minnesota Find an SBA Lender in Minnesota
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