North Platte, NE Entrepreneur Gets SBA Loan to Buy Cold Stone Creamery Franchise
Need money to buy a Cold Stone Creamery franchise? Nebraskaland National Bank has a history of making these loans and they are guaranteed by the SBA.
If you live near North Platte, Nebraska and are interested in buying a Cold Stone Creamery franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by Nebraskaland National Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.
SBA Loan Borrower
HARRACH INVESTMENTS LLC RICHAR
NORTH PLATTE, NE 69101
SBA Loan Lender
NEBRASKALAND NATIONAL BANK
121 N DEWEY
NORTH PLATTE, NE 69101
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
722213 - Snack and Nonalcoholic Beverage Bars
Loan Approval Date
10/18/2007
Loan Approval Gross Amount
$30,000
Loan Approval from the SBA
Of the total $30,000 loan amount, the SBA guaranteed $15,000.
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 30 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans provide smart, affordable business financing for small businesses looking to expand.
We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.
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.
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