Alaska Entrepreneur Secures Financing to Buy Baskin-Robbins 31 Ice Cream Franchise

Need money to invest in a Baskin-Robbins 31 Ice Cream franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

Baskin-Robbins 31 Ice Cream franchise loans are available to Anchorage, Alaska entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wells Fargo Bank, based in Anchorage, Alaska, issued an SBA franchise loan for a Baskin-Robbins 31 Ice Cream franchise in 2001. We've got all the details on this Alaska small business loan.

SBA Loan Borrower

BASKIN & ROBBINS
ANCHORAGE, AK 99507

SBA Loan Lender

WELLS FARGO BANK
301 W NORTHERN LIGHTS BLVD, S
ANCHORAGE, AK 99503

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

11/5/2001

Loan Approval Gross Amount

$123,290

Loan Approval from the SBA

Of the total $123,290 loan amount, the SBA guaranteed $104,796.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Baskin-Robbins 31 Ice Cream franchise. At the time of the loan, the company had 7 employees. The loan application did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Getting a Small Business Loan

SBA 7A Lenders in Anchorage, Alaska

SBA Alaska Lenders