Loan Census Banking News and Information
December 23, 2024  
 
 
  Business Loan Information  
 

Where to Get a Bank Loan to Purchase a Franchise

 

 
Loan Census SBA Loan Info

Loan to Buy Marble Slab Creamery Franchise Issued By Continl National Bank - Miami

Need a loan to purchase a Marble Slab Creamery franchise? Continl National Bank - Miami has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Marble Slab Creamery franchise is doable. In 2005, Continl National Bank - Miami issued an SBA franchise loan to an entrepreneur in Miami, Florida. Because Marble Slab Creamery was registered with the SBA's registry of franchises, this Florida small business loan was issued on an expedited basis.

SBA Loan Borrower

MARBLE SLAB CREAMERY
MIAMI, FL 33143

SBA Loan Lender

CONTINL NATIONAL BANK - MIAMI
1801 SW FIRST ST
MIAMI, FL 33135

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

3/4/2005

Loan Approval Gross Amount

$240,000

Loan Approval from the SBA

Of the total $240,000 loan amount, the SBA guaranteed $180,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Marble Slab Creamery franchise. At the time of the loan, the company had 6 employees. The SBA loan documents did not indicate that the company planned to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Continl National Bank - Miami that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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.

Alternative Financing

Small Business Banks in Miami, Florida

SBA Florida Banks