Alabama Entrepreneur Secures Financing to Buy Marble Slab Creamery Franchise

Borrowing money to purchase a Marble Slab Creamery franchise? Vision Bank has a history of making these loans and they are guaranteed by the SBA.

Marble Slab Creamery franchise loans are available to Daphne, Alabama entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Vision Bank, based in Panama City, Florida, issued an SBA franchise loan for a Marble Slab Creamery franchise in 2007. We've got all the details on this Alabama small business loan.

SBA Loan Borrower

MARBLE SLAB CREAMERY
DAPHNE, AL 36526

SBA Loan Lender

VISION BANK
2200 STANFORD RD
PANAMA CITY, FL 32405

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide small business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

7/3/2007

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $225,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Marble Slab Creamery franchise. At the time of the loan, the company had 12 employees. The SBA loan application for the borrower indicated that the borrowed money would help generate 12 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

Every year, the SBA guarantees over $10 billion for loans just like this one.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

Marble Slab Creamery, Inc.

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SBA Participating Banks in Panama City, Florida

SBA Florida Banks