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November 15, 2024  
 
 
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Where to Get an SBA Loan to Purchase a Franchise

 

 
Loan Census SBA Loan Info

Oregon Entrepreneur Secures Financing to Buy Cold Stone Creamery Franchise

Need a loan to purchase a Cold Stone Creamery franchise? U.S. Bank National Association has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Klamath Falls, Oregon needed money to invest in a Cold Stone Creamery franchise back in 2007. U.S. Bank National Association issued an SBA franchise loan. Here are the details on this Oregon small business loan.

SBA Loan Borrower

COLDSTONE CREAMERY
KLAMATH FALLS, OR 97603

SBA Loan Lender

U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202

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

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

5/18/2007

Loan Approval Gross Amount

$152,300

Loan Approval from the SBA

Of the total $152,300 loan amount, the SBA guaranteed $114,225.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Cold Stone Creamery franchise. At the time of the loan, the company had 4 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 4 existing jobs.

Getting an SBA Loan For Your Business

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

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $152,300 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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