Diamond Bar, CA Entrepreneur Gets SBA Loan to Buy Baskin-Robbins 31 Ice Cream Franchise

Borrowing money to invest in a Baskin-Robbins 31 Ice Cream franchise? Ncb, Fsb has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Baskin-Robbins 31 Ice Cream franchise is doable. In 2001, Ncb, Fsb issued an SBA franchise loan to an entrepreneur in Diamond Bar, California. Because Baskin-Robbins 31 Ice Cream was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.

SBA Loan Borrower

BASKIN ROBBINS
DIAMOND BAR, CA 91765

SBA Loan Lender

NCB, FSB
139 S HIGH ST
HILLSBORO, OH 45133

This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with getting a loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

9/4/2001

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 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 10 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Remember, you 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.

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.

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