Illinois Entrepreneur Secures Financing to Buy Rocky Mountain Chocolate Factory Franchise
Need money to invest in a Rocky Mountain Chocolate Factory franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Aurora, Illinois needed money to invest in a Rocky Mountain Chocolate Factory franchise back in 2004. Cit Small Business Lending Corp issued an SBA franchise loan. Here are the details on this Illinois small business loan.
SBA Loan Borrower
ROCKY MOUNTAIN CHOCOLATE FACTO
AURORA, IL 60504
SBA Loan Lender
CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
445292 - Confectionery and Nut Stores
Loan Approval Date
4/12/2004
Loan Approval Gross Amount
$268,200
Loan Approval from the SBA
Of the total $268,200 loan amount, the SBA guaranteed $201,150.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Rocky Mountain Chocolate Factory franchise. At the time of the loan, the company
had 6 employees. The SBA loan application for the borrower indicated that the borrowed money would help create 6 new jobs.
Getting an SBA Loan For Your Business
Every year, the SBA guarantees over $10 billion for loans just like this one.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Cit Small Business Lending Corp are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.
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:
Rocky Mountain Chocolate Factory
Financing Your Business
SBA Participating Banks in Livingston, New Jersey
SBA Lenders in New Jersey