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November 21, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Forney, Business Loans > City Bank Forney Business Loans > Cold Stone Creamery Loan | ||||
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Forney, Texas Bank Loan
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Texas Entrepreneur Secures Financing to Buy Cold Stone Creamery FranchiseBorrowing money to buy a Cold Stone Creamery franchise? City Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Cold Stone Creamery franchise? If so, here's a 2006 SBA franchise loan that you should know about. City Bank was the lender and the entrepreneur was based in Forney, Texas. SBA Loan Borrower COLD STONE CREAMERY SBA Loan Lender CITY BANK This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 6/14/2006 Loan Approval Gross Amount $289,400 Loan Approval from the SBA Of the total $289,400 loan amount, the SBA guaranteed $217,050. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Cold Stone Creamery franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $289,400 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: SBA Approved Banks in Forney, Texas
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