Stearns Bank Provides SBA Loan to Buy Foot Solutions Franchise

Need money to buy a Foot Solutions franchise? Stearns Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near San Antonio, Texas and are interested in buying a Foot Solutions franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 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

FOOT SOLUTIONS
SAN ANTONIO, TX 78256

SBA Loan Lender

STEARNS BANK
4191 2ND ST SOUTH
SAINT CLOUD, MN 56301

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

448210 - Shoe Stores

Loan Approval Date

7/25/2005

Loan Approval Gross Amount

$428,000

Loan Approval from the SBA

Of the total $428,000 loan amount, the SBA guaranteed $321,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Foot Solutions franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great way to raise money

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Foot Solutions

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Best Saint Cloud, Minnesota Banks for Small Business

Getting an SBA Loan in Minnesota