Loan to Buy Mrs. Field's Cookies Franchise Issued By Savings Bank Of Danbury

Need money to invest in a Mrs. Field's Cookies franchise? Savings Bank Of Danbury has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Mrs. Field's Cookies franchise? If so, here's a 2005 SBA franchise loan that you should know about. Savings Bank Of Danbury was the lender and the entrepreneur was based in Danbury, Connecticut.

SBA Loan Borrower

MRS FIELDS COOKIES
DANBURY, CT 06810

SBA Loan Lender

SAVINGS BANK OF DANBURY
220 MAIN ST
DANBURY, CT 06810

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

311811 - Retail Bakeries

Loan Approval Date

6/17/2005

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Mrs. Field's Cookies franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 6 new jobs and retain 7 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Savings Bank Of Danbury and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Mrs. Fields Original Cookies, Inc.

Famous Venture Capitalists

Where to Get an SBA Loan in Danbury, Connecticut

SBA Participating Banks in Connecticut