Borrow Money to Buy a Baskin-Robbins 31 Ice Cream Franchise

Borrowing money to invest in a Baskin-Robbins 31 Ice Cream franchise? Guaranty Bank & Trust Co. has a history of making these loans and they are guaranteed by the SBA.

Baskin-Robbins 31 Ice Cream franchise loans are available to Greenville, Mississippi entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Guaranty Bank & Trust Co., based in Greenville, Mississippi, issued an SBA franchise loan for a Baskin-Robbins 31 Ice Cream franchise in 2003. We've got all the details on this Mississippi small business loan.

SBA Loan Borrower

BASKIN ROBBINS
GREENVILLE, MS 38701

SBA Loan Lender

GUARANTY BANK & TRUST CO.
536 WASHINGTON AVE
GREENVILLE, MS 38701

This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

3/19/2003

Loan Approval Gross Amount

$136,100

Loan Approval from the SBA

Of the total $136,100 loan amount, the SBA guaranteed $115,685.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Baskin-Robbins 31 Ice Cream franchise. At the time of the loan, the company had 11 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

We can help you find the best banks for small businesses in Greenville or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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.

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