Borrow Money to Buy a Baskin-Robbins 31 Ice Cream Franchise
Need money to purchase a Baskin-Robbins 31 Ice Cream franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Baskin-Robbins 31 Ice Cream franchise? If so, here's a 2007 SBA franchise loan that you should know about. Comerica Bank was the lender and the entrepreneur was based in Chandler, Arizona.
SBA Loan Borrower
SB & SB ICE CREAM II, LLC
Chandler, AZ 85249
SBA Loan Lender
COMERICA BANK
1717 MAIN
DALLAS, TX 75201
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
12/5/2007
Loan Approval Gross Amount
$246,000
Loan Approval from the SBA
Of the total $246,000 loan amount, the SBA guaranteed $184,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Baskin-Robbins 31 Ice Cream franchise. At the time of the loan, the company
had 8 employees. The SBA loan documents indicated that the loan would help generate 8 new jobs and retain 16 existing jobs.
Next Steps for Getting an SBA Loan
Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Comerica Bank and they will explain how you can get an SBA loan for your company.
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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