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April 23, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Saint Cloud, Business Loans > Stearns Bank Saint Cloud Business Loans > Alexandria Dairy Queen Loan | ||||
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SBA Franchise Financing Lender Alexandria Minnesota
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Stearns Bank Provides SBA Loan to Buy Dairy Queen FranchiseNeed a loan to invest in a Dairy Queen franchise? Stearns Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Alexandria, Minnesota needed money to invest in a Dairy Queen franchise back in 2000. Stearns Bank issued an SBA franchise loan. Here are the details on this Minnesota small business loan. SBA Loan Borrower ALEXANDRIA DAIRY QUEEN SBA Loan Lender STEARNS BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 11/14/2000 Loan Approval Gross Amount $680,700 Loan Approval from the SBA Of the total $680,700 loan amount, the SBA guaranteed $510,525. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Dairy Queen franchise. At the time of the loan, the company had 18 employees. The SBA loan application for the borrower indicated that the loan would help retain 18 existing jobs. 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. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $680,700 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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
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