Frisco, TX Entrepreneur Gets SBA Loan to Buy Maggiemoo's ice Cream Franchise

Need money to buy a Maggiemoo's ice Cream franchise? Washington Mutual Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Maggiemoo's ice Cream franchise? If so, here's a 2000 SBA franchise loan that you should know about. Washington Mutual Bank was the lender and the entrepreneur was based in Frisco, Texas.

SBA Loan Borrower

MAGGIEMOO'S ICE CREAM AND TREA
FRISCO, TX 75034

SBA Loan Lender

WASHINGTON MUTUAL BANK
2273 N GREEN VALLEY PKWY, STE
HENDERSON, NV 89014

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5451 - Dairy Products Stores

NAICS Code

445299 - Specialty Food Stores

Loan Approval Date

7/17/2000

Loan Approval Gross Amount

$228,000

Loan Approval from the SBA

Of the total $228,000 loan amount, the SBA guaranteed $171,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Maggiemoo's ice Cream franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the funding would help generate 6 new jobs.

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

If you need money to start a business or need money to grow a business, an SBA loan can be a great way to raise money

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 $228,000 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:

MaggieMoo's International, LLC

Business Line of Credit

Small Bank Loans in Henderson, Nevada

Where to Get an SBA Loan Nevada