Arkansas Entrepreneur Secures Financing to Buy Rocky Mountain Chocolate Factory Franchise

Need money to buy a Rocky Mountain Chocolate Factory franchise? First Western Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Rocky Mountain Chocolate Factory franchise? If so, here's a 2007 SBA franchise loan that you should know about. First Western Bank was the lender and the entrepreneur was based in Bentonville, Arkansas.

SBA Loan Borrower

ROCKY MOUNTAIN CHOCOLATE FACTO
BENTONVILLE, AR 72712

SBA Loan Lender

FIRST WESTERN BANK
80 W MAIN ST
BOONEVILLE, AR 72927

This lender processed this SBA bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

445292 - Confectionery and Nut Stores

Loan Approval Date

4/24/2007

Loan Approval Gross Amount

$325,000

Loan Approval from the SBA

Of the total $325,000 loan amount, the SBA guaranteed $162,500.

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 2 employees. The SBA loan documents indicated that the funding would help generate 5 new jobs.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $325,000 loan. Remember, where there is a will, there is a way!

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

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SBA 7A Lenders in Booneville, Arkansas

Getting an SBA Loan in Arkansas