Borrow Money to Buy a Cold Stone Creamery Franchise

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

An entrepreneur in Cedar Falls, Iowa needed money to invest in a Cold Stone Creamery franchise back in 2005. Regions Bank issued an SBA franchise loan. Here are the details on this Iowa small business loan.

SBA Loan Borrower

COLD STONE CREAMERY
CEDAR FALLS, IA 50613

SBA Loan Lender

REGIONS BANK
100 E PARK AVE
WATERLOO, IA 50703

This lender issued this SBA loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

3/23/2005

Loan Approval Gross Amount

$66,900

Loan Approval from the SBA

Of the total $66,900 loan amount, the SBA guaranteed $56,865.

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 6 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Regions Bank 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.

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