North Conway, NH Entrepreneur Gets SBA Loan to Buy Cold Stone Creamery Franchise

Borrowing money to purchase a Cold Stone Creamery franchise? Northway Bank has a history of making these loans and they are guaranteed by the SBA.

Cold Stone Creamery franchise loans are available to North Conway, New Hampshire entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Northway Bank, based in Berlin, New Hampshire, issued an SBA franchise loan for a Cold Stone Creamery franchise in 2006. We've got all the details on this New Hampshire small business loan.

SBA Loan Borrower

DREAM CREAM LLC
NORTH CONWAY, NH 03860

SBA Loan Lender

NORTHWAY BANK
9 MAIN ST
BERLIN, NH 03570

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

6/6/2006

Loan Approval Gross Amount

$261,100

Loan Approval from the SBA

Of the total $261,100 loan amount, the SBA guaranteed $195,825.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Cold Stone Creamery franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 20 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This SBA loan was for $261,100. How would you spend $261,100 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Cold Stone Creamery, Inc.

Angel Investors

SBA 7A Banks for Berlin, New Hampshire Loans

SBA Participating Banks in New Hampshire