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November 21, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Winston Salem, Business Loans > Branch Bank & Trust Winston Salem Business Loans > Two Tycoons LLC Loan | ||||
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Where Can I Find Franchise Loans in Cary, North Carolina?
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North Carolina Entrepreneur Secures Financing to Buy Cold Stone Creamery FranchiseNeed money to invest in a Cold Stone Creamery franchise? Branch Bank & Trust has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Cold Stone Creamery franchise requires some effort but others before you have been successful. In 2007, Branch Bank & Trust issued an SBA franchise loan to an entrepreneur in Cary, North Carolina. Because Cold Stone Creamery was registered with the SBA's registry of franchises, this North Carolina small business loan was issued on an expedited basis. SBA Loan Borrower TWO TYCOONS LLC SBA Loan Lender BRANCH BANK & TRUST This lender processed this business 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 722211 - Limited-Service Restaurants Loan Approval Date 10/29/2007 Loan Approval Gross Amount $175,000 Loan Approval from the SBA Of the total $175,000 loan amount, the SBA guaranteed $87,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Cold Stone Creamery franchise. At the time of the loan, the company had 50 employees. The loan application indicated that the loan would help generate 10 new jobs and retain 50 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. While you may be able to find other ways to get money to start a business, 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. Related Links: Obtaining Funding - How to Borrow Money Small Business Banks in Winston Salem, North Carolina
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