Nashville, TN Entrepreneur Gets SBA Loan to Buy Maggiemoo's ice Cream Franchise

Borrowing money to buy a Maggiemoo's ice Cream franchise? Community W. Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Nashville, Tennessee and are interested in buying a Maggiemoo's ice Cream franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by Community W. Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

MAGGIE MOO'S ICE CREAMERY & TR
NASHVILLE, TN 37211

SBA Loan Lender

COMMUNITY W. BANK
5827 HOLLISTER AVE
GOLETA, CA 93117

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

7/26/2007

Loan Approval Gross Amount

$541,800

Loan Approval from the SBA

Of the total $541,800 loan amount, the SBA guaranteed $406,350.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Maggiemoo's ice Cream franchise. At the time of the loan, the company had 21 employees. The loan application indicated that the funding would help create 21 new jobs.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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.

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MaggieMoo's International, LLC

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