Franchise Finance with SBA Loans

Is financing all that's keeping you from being your own boss? VR can get the gears turning!

Stearns Financial Services Inc. (SFSI) is a $1.9 billion well-capitalized, independent financial holding company based in the Midwest.

Founded in 1912, Stearns specializes in nationwide small business lending and equipment and franchise finance with a history delivering outstanding customer service and the ability to deliver fast decisions with customized finance solutions. Our slogan says it all: We get the job done!

Franchise Finance & Stearns Bank

*Stearns Bank is a direct SBA lender. SBA loans are offered by participating banks. although the SBA (U.S. Small Business Administration) isn’t a lender.

Stearns Financial Services Inc. (SFSI) is a Direct Lender approved by SBA. This mean you are dealing with the actual lender not Washington bureaucrats!

Sample SBA Loan Structure

• Borrower: Your legal business entity (LLC, S-Corp, etc.)
• SBA Loan Amount: $100,000
• Term/Amortization: 10 year term and amortization
• Collateral Required: 1st lien on all assets of business to be opened.
  (Personal collateral maybe required to be pledged)
• Interest Rate: Wall Street Journal Prime + 2.75% adjusting quarterly
• Monthly Payment: $1,123 per month principal and interest
• Personal Guaranty: Any 20% or greater shareholder
• Prepayment Penalty: None
• Cash Down Required: $25,000 (20%)

What is required to get started

• 2 years of business projections
• Personal tax return & personal financial statement on owner

Franchise Finance services by VR & Stearns Bank