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May 2, 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 > Wood Kitchen Cabinets Loan | ||||
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Minnesota SBA 7A Lenders
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Saint Cloud, Minnesota Bank Gives SBA Loan to Wood Kitchen Cabinets CompanyThinking about meeting with a Saint Cloud, Minnesota bank about a small business loan? Here's one Minnesota business loan, issued by a Saint Cloud bank, that was approved by the SBA. Applying for an SBA loan with Stearns Bank worked out well for our friends at one local firm in St. Cloud, Minnesota. The business was able to get an SBA loan for $315,000. Awesome! SBA Loan Borrower COMPANY TYPE: WOOD KITCHEN CABINETS 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. SIC Code 2434 - Wood Kitchen Cabinets NAICS Code 337110 - Wood Kitchen Cabinet and Countertop Manufacturing Loan Approval Date 8/16/2000 Loan Approval Gross Amount $315,000 Loan Approval from the SBA Of the total $315,000 loan amount, the SBA guaranteed $236,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 12 employees. The SBA loan application for the borrower indicated that the loan would help retain 12 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you are working on finding money to start a business in St. Cloud MN, you ought to talk with a local St. Cloud SBA lender or talk with an out-of-area SBA lender that has previously loaned money to St. Cloud businesses. We can help you find the best banks for small businesses in St. Cloud 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: Where to Get an SBA Loan in Saint Cloud, Minnesota
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