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May 2, 2024 |
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| Home > Small Business Lenders by State > Nevada Business Loan Sources > Saint Cloud, Business Loans > Stearns Bank Saint Cloud Business Loans > It's A Grind Loan | ||||
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SBA Lenders for N. Las Vegas Businesses
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Loan to Buy It's A Grand Coffee House Eagle Glen Franchise Issued By Stearns BankBorrowing money to purchase an It's A Grand Coffee House Eagle Glen franchise? Stearns Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in N. Las Vegas, Nevada needed money to invest in an It's A Grand Coffee House Eagle Glen franchise back in 2005. Stearns Bank issued an SBA franchise loan. Here are the details on this Nevada small business loan. SBA Loan Borrower IT'S A GRIND SBA Loan Lender STEARNS BANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 10/26/2005 Loan Approval Gross Amount $253,000 Loan Approval from the SBA Of the total $253,000 loan amount, the SBA guaranteed $189,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy an It's A Grand Coffee House Eagle Glen franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. 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: SBA 7A Banks for Saint Cloud, Minnesota Loans Find an SBA Lender in Minnesota
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