Loan to Buy Carvel Ice Cream Franchise Issued By Business Loan Center, LLC
Borrowing money to buy a Carvel Ice Cream franchise? Business Loan Center, LLC 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 Carvel Ice Cream franchise back in 2005. Business Loan Center, LLC issued an SBA franchise loan. Here are the details on this Florida small business loan.
SBA Loan Borrower
CARVEL
FORT LAUDERDALE, FL 33316
SBA Loan Lender
BUSINESS LOAN CENTER, LLC
1633 BROADWAY, 39TH FL
NEW YORK, NY 10019
This lender provides SBA commercial 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
2/11/2005
Loan Approval Gross Amount
$340,025
Loan Approval from the SBA
Of the total $340,025 loan amount, the SBA guaranteed $255,018.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Carvel Ice Cream franchise. At the time of the loan, the company
had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 8 new jobs and retain 1 existing job.
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.
There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.
Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!
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:
Carvel Ice Cream
Carvel Corporation
Obtaining Funding From a Venture Capitalist
SBA Approved Banks in New York, New York
SBA Participating Banks in New York