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November 15, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Hastings, Business Loans > Merchants Bank Hastings Business Loans > Cold Stone Creamery Loan | ||||
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Where Can I Find Franchise Loans in Apple Valley, Minnesota?
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Loan to Buy Cold Stone Creamery Franchise Issued By Merchants BankBorrowing money to buy a Cold Stone Creamery franchise? Merchants Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Apple Valley, Minnesota needed money to invest in a Cold Stone Creamery franchise back in 2003. Merchants Bank issued an SBA franchise loan. Here are the details on this Minnesota small business loan. SBA Loan Borrower COLD STONE CREAMERY SBA Loan Lender MERCHANTS BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 11/17/2003 Loan Approval Gross Amount $288,000 Loan Approval from the SBA Of the total $288,000 loan amount, the SBA guaranteed $216,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Cold Stone Creamery franchise. At the time of the loan, the company had 20 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan 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. We can help you find the best banks for small businesses in Apple Valley 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: Obtaining Funding - How to Decide How Much to Raise Find an SBA Lender in Hastings, Minnesota Getting an SBA Loan in Minnesota
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