Community Bank & Trust Provides SBA Loan to Buy Marble Slab Creamery Franchise

Need money to buy a Marble Slab Creamery franchise? Community Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Marble Slab Creamery franchise loans are available to Franklin, Tennessee entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Community Bank & Trust, based in Cornelia, Georgia, issued an SBA franchise loan for a Marble Slab Creamery franchise in 2005. We've got all the details on this Tennessee small business loan.

SBA Loan Borrower

MARBLE SLAB CREAMERY
FRANKLIN, TN 37604

SBA Loan Lender

COMMUNITY BANK & TRUST
448 N MAIN ST
CORNELIA, GA 30531

This lender issued this debt financing under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

8/11/2005

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Marble Slab Creamery franchise. At the time of the loan, the company had 28 employees. This SBA loan request did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.

Related Links:

Marble Slab Creamery, Inc.

Borrowing Money from Friends and Family

SBA Banks in Cornelia, Georgia

Georgia SBA 7A Lenders