Texas Entrepreneur Secures Financing to Buy Rocky Mountain Chocolate Factory Franchise

Borrowing money to purchase a Rocky Mountain Chocolate Factory franchise? The Frost National Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Rocky Mountain Chocolate Factory franchise? If so, here's a 2004 SBA franchise loan that you should know about. The Frost National Bank was the lender and the entrepreneur was based in Mesquite, Texas.

SBA Loan Borrower

MARSHALL MORRON INC
MESQUITE, TX 75150

SBA Loan Lender

THE FROST NATIONAL BANK
5901 S COOPER ST
ARLINGTON, TX 76017

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445292 - Confectionery and Nut Stores

Loan Approval Date

3/31/2004

Loan Approval Gross Amount

$233,000

Loan Approval from the SBA

Of the total $233,000 loan amount, the SBA guaranteed $174,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Rocky Mountain Chocolate Factory franchise. At the time of the loan, the company had only one employee. The loan application indicated that the borrowed money would help generate 5 new jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. The Frost National Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, The Frost National Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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