Borrow Money to Buy a Cold Stone Creamery Franchise
Borrowing money to buy a Cold Stone Creamery franchise? Ups Capital Business Credit has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy a Cold Stone Creamery franchise shouldn't be overly burdensome. In 2006, Ups Capital Business Credit issued an SBA franchise loan to an entrepreneur in Live Oak, Texas. Because Cold Stone Creamery was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.
SBA Loan Borrower
COLD STONE CREAMERY (STORE #13
LIVE OAK, TX 78233
SBA Loan Lender
UPS CAPITAL BUSINESS CREDIT
425 DAY HILL RD
WINDSOR, CT 06095
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
722213 - Snack and Nonalcoholic Beverage Bars
Loan Approval Date
6/6/2006
Loan Approval Gross Amount
$336,000
Loan Approval from the SBA
Of the total $336,000 loan amount, the SBA guaranteed $252,000.
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 20 employees. The SBA loan documents indicated that the loan would help generate 18 new jobs and retain 2 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
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.
We can help you find the best banks for small businesses in Live Oak 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.
Related Links:
Cold Stone Creamery, Inc.
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