First Bank Provides SBA Loan to Buy Marble Slab Creamery Franchise

Need money to invest in a Marble Slab Creamery franchise? First Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Marble Slab Creamery franchise is doable. In 2001, First Bank issued an SBA franchise loan to an entrepreneur in Germantown, Tennessee. Because Marble Slab Creamery was registered with the SBA's registry of franchises, this Tennessee small business loan was issued on an expedited basis.

SBA Loan Borrower

PARADISE CREAMERY LLC
GERMANTOWN, TN 38139

SBA Loan Lender

FIRST BANK
2850 WOLFCREEK PKWY
MEMPHIS, TN 38133

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

9/13/2001

Loan Approval Gross Amount

$511,250

Loan Approval from the SBA

Of the total $511,250 loan amount, the SBA guaranteed $383,438.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Marble Slab Creamery franchise. At the time of the loan, the company had 62 employees. The loan application did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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:

Marble Slab Creamery, Inc.

Small Business Credit Cards

SBA Banks in Memphis, Tennessee

Getting an SBA Loan in Tennessee