Lasalle Bank Provides SBA Loan to Buy Cold Stone Creamery Franchise
Need a loan to invest in a Cold Stone Creamery franchise? Lasalle Bank has a history of making these loans and they are guaranteed by the SBA.
Cold Stone Creamery franchise loans are available to Chicago, Illinois entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Lasalle Bank, based in Chicago, Illinois, issued an SBA franchise loan for a Cold Stone Creamery franchise in 2005. We've got all the details on this Illinois small business loan.
SBA Loan Borrower
COLDSTONE CREAMERY
CHICAGO, IL 60656
SBA Loan Lender
LASALLE BANK
135 S LASALLE ST
CHICAGO, IL 60603
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
453998 - Store Retailers
Loan Approval Date
4/12/2005
Loan Approval Gross Amount
$500,000
Loan Approval from the SBA
Of the total $500,000 loan amount, the SBA guaranteed $375,000.
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 12 employees. This SBA loan request indicated that the loan would help generate 12 new jobs and retain 12 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans provide smart, affordable business financing for small businesses looking to expand.
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:
Cold Stone Creamery, Inc.
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Small Bank Loans in Chicago, Illinois
SBA Participating Banks in Illinois