Borrow Money to Buy a Marble Slab Creamery Franchise

Borrowing money to invest in a Marble Slab Creamery franchise? Great Plains National Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Marble Slab Creamery franchise may simply require a phone call to a local SBA banker. In 2006, Great Plains National Bank issued an SBA franchise loan to an entrepreneur in Elk City, Oklahoma. Because Marble Slab Creamery was registered with the SBA's registry of franchises, this Oklahoma small business loan was issued on an expedited basis.

SBA Loan Borrower

MARBLE SLAB CREAMERY
ELK CITY, OK 73644

SBA Loan Lender

GREAT PLAINS NATIONAL BANK
2017 W THIRD
ELK CITY, OK 73644

This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

311520 - Ice Cream and Frozen Dessert Manufacturing

Loan Approval Date

7/14/2006

Loan Approval Gross Amount

$277,800

Loan Approval from the SBA

Of the total $277,800 loan amount, the SBA guaranteed $138,900.

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?

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 Great Plains National Bank 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:

Marble Slab Creamery, Inc.

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