Knoxville, TN Entrepreneur Gets SBA Loan to Buy Marble Slab Creamery Franchise

Borrowing money to purchase a Marble Slab Creamery franchise? Branch Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Marble Slab Creamery franchise loans are available to Knoxville, Tennessee entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Branch Bank & Trust, based in Winston Salem, North Carolina, issued an SBA franchise loan for a Marble Slab Creamery franchise in 2003. We've got all the details on this Tennessee small business loan.

SBA Loan Borrower

MARBLE SLAB CREAMERY
KNOXVILLE, TN 37919

SBA Loan Lender

BRANCH BANK & TRUST
200 W 2ND ST
WINSTON SALEM, NC 27101

At the time this loan was granted, the lender participated in the SBA's Certified Lenders Program (CLP). This program aims 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.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

11/19/2003

Loan Approval Gross Amount

$259,500

Loan Approval from the SBA

Of the total $259,500 loan amount, the SBA guaranteed $194,625.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Marble Slab Creamery franchise. At the time of the loan, the company had 34 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Branch Bank & Trust 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:

Marble Slab Creamery, Inc.

Family and Friend Investors - Your First Financiers

Small Business Banks in Winston Salem, North Carolina

North Carolina SBA 7A Lenders