Colorado Entrepreneur Secures Financing to Buy Cold Stone Creamery Franchise

Need money to invest in a Cold Stone Creamery franchise? Keybank National Association has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Arvada, Colorado needed money to invest in a Cold Stone Creamery franchise back in 2003. Keybank National Association issued an SBA franchise loan. Here are the details on this Colorado small business loan.

SBA Loan Borrower

COLD STONE CREAMERY 356
ARVADA, CO 80022

SBA Loan Lender

KEYBANK NATIONAL ASSOCIATION
127 PUBLIC SQ
CLEVELAND, OH 44114

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

5/30/2003

Loan Approval Gross Amount

$180,000

Loan Approval from the SBA

Of the total $180,000 loan amount, the SBA guaranteed $135,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Cold Stone Creamery 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 create 12 new jobs.

Getting an SBA Loan For Your Business

If you are raising money in Arvada CO, you ought to talk with a local Arvada SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Arvada businesses.

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:

Cold Stone Creamery, Inc.

How Much Venture Capital Is There?

SBA 7A Banks for Cleveland, Ohio Loans

SBA Ohio Lenders