Citibank Provides SBA Loan to Buy Carvel Ice Cream Franchise
Borrowing money to purchase a Carvel Ice Cream franchise? Citibank has a history of making these loans and they are guaranteed by the SBA.
Carvel Ice Cream franchise loans are available to Centereach, New York entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Citibank, based in New York City, New York, issued an SBA franchise loan for a Carvel Ice Cream franchise in 2006. We've got all the details on this New York small business loan.
SBA Loan Borrower
CARVEL
CENTEREACH, NY 11720
SBA Loan Lender
CITIBANK
1 COURT SQ
NEW YORK CITY, NY 11120
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
311520 - Ice Cream and Frozen Dessert Manufacturing
Loan Approval Date
3/28/2006
Loan Approval Gross Amount
$25,000
Loan Approval from the SBA
Of the total $25,000 loan amount, the SBA guaranteed $12,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Carvel Ice Cream franchise. At the time of the loan, the company
had 6 employees. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 6 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans provide money to small business owners for working capital for other expenses.
This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer 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.
Related Links:
Carvel Ice Cream
Carvel Corporation
Small Business Loan
Find an SBA Lender in New York City, New York
SBA New York Banks