Cumming, GA Entrepreneur Gets SBA Loan to Buy Bruster's Franchise

Need a loan to invest in a Bruster's franchise? Haven Trust Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Bruster's franchise requires some effort but others before you have been successful. In 2003, Haven Trust Bank issued an SBA franchise loan to an entrepreneur in Cumming, Georgia. Because Bruster's was registered with the SBA's registry of franchises, this Georgia small business loan was issued on an expedited basis.

SBA Loan Borrower

BRUSTERS OLD FASHIONED ICE CRE
CUMMING, GA 30041

SBA Loan Lender

HAVEN TRUST BANK
6340 SUGARLOAF PKWY, STE 100
DULUTH, GA 30097

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

311520 - Ice Cream and Frozen Dessert Manufacturing

Loan Approval Date

4/21/2003

Loan Approval Gross Amount

$807,000

Loan Approval from the SBA

Of the total $807,000 loan amount, the SBA guaranteed $605,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Bruster's franchise. At the time of the loan, the company had 8 employees. The loan application indicated that the loan would help retain 8 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Bruster's Real Ice Cream

Direct Public Offerings

SBA Participating Banks in Duluth, Georgia

Where to Get an SBA Loan Georgia