Banner Bank Provides SBA Loan to Buy Maggiemoo's ice Cream Franchise

Need a loan to buy a Maggiemoo's ice Cream franchise? Banner 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 2004 SBA franchise loan that you should know about. Banner Bank was the lender and the entrepreneur was based in Kenewick, Washington.

SBA Loan Borrower

MAGGIE MOO'S #47-201, SUITE A
KENEWICK, WA 99336

SBA Loan Lender

BANNER BANK
3005 112TH AVE NE, STE 100
BELLEVUE, WA 98004

When this loan was made, the lender was part of the SBA's Certified Lenders Program (CLP). This program is designed to provide rapid service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

2/17/2004

Loan Approval Gross Amount

$203,000

Loan Approval from the SBA

Of the total $203,000 loan amount, the SBA guaranteed $152,250.

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 4501 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

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:

MaggieMoo's International, LLC

The Art of Bootstrapping

Find an SBA Lender in Bellevue, Washington

Find an SBA Lender in Washington