Loan to Buy Cold Stone Creamery Franchise Issued By Gainesville Bank & Trust

Need money to invest in a Cold Stone Creamery franchise? Gainesville Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Atlanta, Georgia needed money to invest in a Cold Stone Creamery franchise back in 2002. Gainesville Bank & Trust issued an SBA franchise loan. Here are the details on this Georgia small business loan.

SBA Loan Borrower

COLD STONE CREAMERY
ATLANTA, GA 30307

SBA Loan Lender

GAINESVILLE BANK & TRUST
500 JESSE JEWELL PKWY SE
GAINESVILLE, GA 30501

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.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

3/28/2002

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $63,750.

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 15 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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.

Family and Friend Investors - Your First Financiers

SBA Participating Banks in Gainesville, Georgia

Find an SBA Lender in Georgia