Dallas, TX Entrepreneur Gets SBA Loan to Buy Cold Stone Creamery Franchise

Need money to invest in a Cold Stone Creamery franchise? Plainscapital Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Dallas, Texas needed money to invest in a Cold Stone Creamery franchise back in 2004. Plainscapital Bank issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

COLD STONE CREAMERY
DALLAS, TX 75252

SBA Loan Lender

PLAINSCAPITAL BANK
18111 PRESTON RD, STE 110
DALLAS, TX 75252

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

4/16/2004

Loan Approval Gross Amount

$201,000

Loan Approval from the SBA

Of the total $201,000 loan amount, the SBA guaranteed $150,750.

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 10 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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 important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Plainscapital Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Plainscapital Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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Where to Get an SBA Loan in Dallas, Texas

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