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April 29, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Saint Cloud, Business Loans > Stearns Bank Saint Cloud Business Loans > Pharmacies And Drug Stores Loan | ||||
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Minnesota SBA Lenders
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Saint Cloud, Minnesota Bank Lends Money to Pharmacies And Drug Stores Company in Council Bluffs, IowaGet small business loans from a Saint Cloud, Minnesota bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too. Stearns Bank is a Saint Cloud, Minnesota small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to an Iowa company. SBA Loan Borrower COMPANY TYPE: PHARMACIES AND DRUG STORES 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 446110 - Pharmacies and Drug Stores Loan Approval Date 1/31/2005 Loan Approval Gross Amount $349,600 Loan Approval from the SBA Of the total $349,600 loan amount, the SBA guaranteed $262,200. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 3 existing jobs. 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. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Best Banks for Small Business in Saint Cloud, Minnesota
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