Sunrise Bank Of Atlanta Provides SBA Loan to Buy Cold Stone Creamery Franchise

Need a loan to purchase a Cold Stone Creamery franchise? Sunrise Bank Of Atlanta has a history of making these loans and they are guaranteed by the SBA.

Cold Stone Creamery franchise loans are available to Austell, Georgia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Sunrise Bank Of Atlanta, based in Atlanta, Georgia, issued an SBA franchise loan for a Cold Stone Creamery franchise in 2004. We've got all the details on this Georgia small business loan.

SBA Loan Borrower

COLDSTONE CREAMERY
AUSTELL, GA 30105

SBA Loan Lender

SUNRISE BANK OF ATLANTA
600 W PEACHTREE ST NW, STE 30
ATLANTA, GA 30308

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

3/17/2004

Loan Approval Gross Amount

$261,150

Loan Approval from the SBA

Of the total $261,150 loan amount, the SBA guaranteed $195,863.

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 14 employees. The SBA loan documents did not indicate that the business promised to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.

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