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November 23, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Hartford, Business Loans > Business Lenders, LLC Hartford Business Loans > Cold Stone Creamery Loan | ||||
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How to Get SBA Loans in Moreno, California
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California Entrepreneur Secures Financing to Buy Cold Stone Creamery FranchiseNeed money to invest in a Cold Stone Creamery franchise? Business Lenders, LLC has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Cold Stone Creamery franchise? If so, here's a 2007 SBA franchise loan that you should know about. Business Lenders, LLC was the lender and the entrepreneur was based in Moreno, California. SBA Loan Borrower COLD STONE CREAMERY SBA Loan Lender BUSINESS LENDERS, LLC 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 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 12/28/2007 Loan Approval Gross Amount $285,000 Loan Approval from the SBA Of the total $285,000 loan amount, the SBA guaranteed $213,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Cold Stone Creamery franchise. At the time of the loan, the company had 10 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 8 existing jobs. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Dealing With Venture Capitalists SBA 7A Banks in Hartford, Connecticut
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