Davenport, IA Entrepreneur Gets SBA Loan to Buy Rocky Mountain Chocolate Factory Franchise

Need money to purchase a Rocky Mountain Chocolate Factory franchise? Northwest Bank & Trust Company has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Rocky Mountain Chocolate Factory franchise is doable. In 2004, Northwest Bank & Trust Company issued an SBA franchise loan to an entrepreneur in Davenport, Iowa. Because Rocky Mountain Chocolate Factory was registered with the SBA's registry of franchises, this Iowa small business loan was issued on an expedited basis.

SBA Loan Borrower

ROCKY MOUNTAIN CHOCOLATE FACTO
DAVENPORT, IA 52806

SBA Loan Lender

NORTHWEST BANK & TRUST COMPANY
100 E KIMBERLY
DAVENPORT, IA 52806

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.

NAICS Code

311330 - Confectionery Manufacturing from Purchased Chocolate

Loan Approval Date

4/15/2004

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Rocky Mountain Chocolate Factory franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start a small business or need money for an existing business, an SBA loan can be a great funding source

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Rocky Mountain Chocolate Factory

Alternative Financing

Best Davenport, Iowa Banks for Small Business

Iowa SBA 7A Lenders