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May 4, 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 > Cartridge World Loan | ||||
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Cottleville, Missouri Bank Loan
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Stearns Bank Provides SBA Loan to Buy Cartridge World Stores FranchiseNeed money to invest in a Cartridge World Stores franchise? Stearns Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Cottleville, Missouri needed money to invest in a Cartridge World Stores franchise back in 2005. Stearns Bank issued an SBA franchise loan. Here are the details on this Missouri small business loan. SBA Loan Borrower CARTRIDGE WORLD SBA Loan Lender STEARNS BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 453210 - Office Supplies and Stationery Loan Approval Date 6/14/2005 Loan Approval Gross Amount $118,000 Loan Approval from the SBA Of the total $118,000 loan amount, the SBA guaranteed $100,300. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Cartridge World Stores franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Who Lends Money to Small Businesses in Saint Cloud, Minnesota
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