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April 25, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Saint Cloud, Business Loans > Stearns Bank Saint Cloud Business Loans > Executive Tans Loan | ||||
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Where to Get an SBA Loan to Purchase a Franchise
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Stearns Bank Provides SBA Loan to Buy Executive Tans FranchiseNeed money to buy an Executive Tans franchise? Stearns Bank has a history of making these loans and they are guaranteed by the SBA. Executive Tans franchise loans are available to Carlsbad, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Stearns Bank, based in Saint Cloud, Minnesota, issued an SBA franchise loan for an Executive Tans franchise in 2004. We've got all the details on this California small business loan. SBA Loan Borrower EXECUTIVE TANS SBA Loan Lender STEARNS BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812199 - Personal Care Services Loan Approval Date 9/7/2004 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy an Executive Tans franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. We can help you find the best banks for small businesses in Carlsbad or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Obtaining Funding - How to Borrow Money SBA Approved Banks in Saint Cloud, Minnesota Where to Get an SBA Loan Minnesota
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