Texas Entrepreneur Secures Financing to Buy Marble Slab Creamery Franchise

Borrowing money to buy a Marble Slab Creamery franchise? Bank Of The West has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Marble Slab Creamery franchise shouldn't be overly burdensome. In 2002, Bank Of The West issued an SBA franchise loan to an entrepreneur in Carrollton, Texas. Because Marble Slab Creamery was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

MARBLE SLAB CREAMERY
CARROLLTON, TX 75007

SBA Loan Lender

BANK OF THE WEST
108 W NORTHWEST HWY
GRAPEVINE, TX 76051

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

445299 - Specialty Food Stores

Loan Approval Date

9/20/2002

Loan Approval Gross Amount

$125,600

Loan Approval from the SBA

Of the total $125,600 loan amount, the SBA guaranteed $106,760.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Marble Slab Creamery franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 3 existing jobs.

Next Steps for Getting an SBA Loan

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.

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 $125,600 loan. Remember, if it to be, it is up to me!

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:

Marble Slab Creamery, Inc.

The Art of Bootstrapping

SBA Banks in Grapevine, Texas

Texas SBA 7A Lenders