Loan to Buy Ben & Jerry's Ice Cream Franchise Issued By Cit Small Business Lending Corp
Need a loan to invest in a Ben & Jerry's Ice Cream franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Fort Lauderdale, Florida needed money to invest in a Ben & Jerry's Ice Cream franchise back in 2004. Cit Small Business Lending Corp issued an SBA franchise loan. Here are the details on this Florida small business loan.
SBA Loan Borrower
BEN AND JERRYS AND WETZELS PRE
FORT LAUDERDALE, FL 33314
SBA Loan Lender
CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039
This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722213 - Snack and Nonalcoholic Beverage Bars
Loan Approval Date
6/18/2004
Loan Approval Gross Amount
$342,000
Loan Approval from the SBA
Of the total $342,000 loan amount, the SBA guaranteed $256,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Ben & Jerry's Ice Cream franchise. At the time of the loan, the company
had 15 employees. The loan application indicated that the loan would help generate 15 new jobs.
Next Steps for Getting an SBA Loan
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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:
Ben & Jerry's Franchising, Inc.
Business Line of Credit
Best Livingston, New Jersey Banks for Small Business
New Jersey SBA 7A Banks