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April 29, 2024 |
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| Home > Small Business Lenders by State > Business Loan Sources > Saint Cloud, Business Loans > Stearns Bank Saint Cloud Business Loans > Moe's Southwest Grill Loan | ||||
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How to Get SBA Loans in Memphis Tn,
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Loan to Buy Moe's Sw Grill Franchise Issued By Stearns BankBorrowing money to purchase a Moe's Sw Grill franchise? Stearns Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Moe's Sw Grill franchise requires some effort but others before you have been successful. In 2003, Stearns Bank issued an SBA franchise loan to an entrepreneur in Memphis Tn, . Because Moe's Sw Grill was registered with the SBA's registry of franchises, this small business loan was issued on an expedited basis. SBA Loan Borrower MOE'S SOUTHWEST GRILL SBA Loan Lender STEARNS BANK The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 11/3/2003 Loan Approval Gross Amount $237,000 Loan Approval from the SBA Of the total $237,000 loan amount, the SBA guaranteed $118,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Moe's Sw Grill franchise. At the time of the loan, the company had 15 employees. The SBA loan documents indicated that the loan would help generate 15 new jobs and retain 15 existing jobs. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We've showcased information on this loan to let you know that businesses like yours 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: Banking Deregulation's Effects on Entrepreneurship SBA 7A Banks for Saint Cloud, Minnesota Loans
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