Goose Creek, SC Entrepreneur Gets SBA Loan to Buy Maggiemoo's ice Cream Franchise

Borrowing money to invest in a Maggiemoo's ice Cream franchise? First Fed. S & L Assoc - Charl has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Goose Creek, South Carolina needed money to invest in a Maggiemoo's ice Cream franchise back in 2005. First Fed. S & L Assoc - Charl issued an SBA franchise loan. Here are the details on this South Carolina small business loan.

SBA Loan Borrower

HIGH TIDE VENTURES, LLC
GOOSE CREEK, SC 29445

SBA Loan Lender

FIRST FED. S & L ASSOC - CHARL
34 BROAD ST
CHARLESTON, SC 29401

This lender processed this commercial loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

5/12/2005

Loan Approval Gross Amount

$350,000

Loan Approval from the SBA

Of the total $350,000 loan amount, the SBA guaranteed $175,000.

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 2 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

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

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from First Fed. S & L Assoc - Charl so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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

A Company That Helps Entrepreneurs

Small Bank Loans in Charleston, South Carolina

SBA South Carolina Banks