Spectrum Bank Provides SBA Loan to Buy Angel's Great Food & Ice Cream Franchise

Need money to buy an Angel's Great Food & Ice Cream franchise? Spectrum Bank has a history of making these loans and they are guaranteed by the SBA.

Angel's Great Food & Ice Cream franchise loans are available to Lorton, Virginia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Spectrum Bank, based in Irvine, California, issued an SBA franchise loan for an Angel's Great Food & Ice Cream franchise in 2006. We've got all the details on this Virginia small business loan.

SBA Loan Borrower

ANGELS GREAT FOOD & ICE CREAM
LORTON, VA 22079

SBA Loan Lender

SPECTRUM BANK
15615 ALTON PKWY
IRVINE, CA 92618

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

6/28/2006

Loan Approval Gross Amount

$140,000

Loan Approval from the SBA

Of the total $140,000 loan amount, the SBA guaranteed $119,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Angel's Great Food & Ice Cream franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 6 new jobs and retain 6 existing jobs.

Getting an SBA Loan For Your Business

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

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:

Angels Ice Cream

Getting a Small Business Loan

Where to Get an SBA Loan in Irvine, California

California SBA Bank Lenders