Merrill Lynch Bank Usa Provides SBA Loan to Buy Carvel Ice Cream Franchise

Need a loan to buy a Carvel Ice Cream franchise? Merrill Lynch Bank Usa has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Carvel Ice Cream franchise may simply require a phone call to a local SBA banker. In 2003, Merrill Lynch Bank Usa issued an SBA franchise loan to an entrepreneur in Harrisburg, North Carolina. Because Carvel Ice Cream was registered with the SBA's registry of franchises, this North Carolina small business loan was issued on an expedited basis.

SBA Loan Borrower

CARVEL ICE CREAM
HARRISBURG, NC 28075

SBA Loan Lender

MERRILL LYNCH BANK USA
15 W SOUTH TEMPLE, STE 300
SALT LAKE CITY, UT 84101

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.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

8/22/2003

Loan Approval Gross Amount

$231,600

Loan Approval from the SBA

Of the total $231,600 loan amount, the SBA guaranteed $173,700.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Carvel Ice Cream franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 8 new jobs and retain 2 existing jobs.

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

If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great funding source

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:

Carvel Ice Cream

Carvel Corporation

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Getting an SBA Loan in Utah