Stearns Bank Provides SBA Loan to Buy Carvel Ice Cream Franchise

Borrowing money to purchase a Carvel Ice Cream franchise? Stearns Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Carvel Ice Cream franchise? If so, here's a 2006 SBA franchise loan that you should know about. Stearns Bank was the lender and the entrepreneur was based in Apex, North Carolina.

SBA Loan Borrower

CARVEL
APEX, NC 27502

SBA Loan Lender

STEARNS BANK
4191 2ND ST SOUTH
SAINT CLOUD, MN 56301

This SBA business loan was underwritten by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA delivers a quick answer on whether the loan qualifies.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445299 - Specialty Food Stores

Loan Approval Date

2/7/2006

Loan Approval Gross Amount

$253,400

Loan Approval from the SBA

Of the total $253,400 loan amount, the SBA guaranteed $190,050.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Carvel Ice Cream franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $253,400 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Carvel Ice Cream

Carvel Corporation

Financing Your Business

Small Business Banks in Saint Cloud, Minnesota

Getting an SBA Loan in Minnesota