Td Banknorth Provides SBA Loan to Buy Ben & Jerry's Ice Cream Franchise

Need money to buy a Ben & Jerry's Ice Cream franchise? Td Banknorth has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Ben & Jerry's Ice Cream franchise may simply require a phone call to a local SBA banker. In 2001, Td Banknorth issued an SBA franchise loan to an entrepreneur in Pittsfield, Massachusetts. Because Ben & Jerry's Ice Cream was registered with the SBA's registry of franchises, this Massachusetts small business loan was issued on an expedited basis.

SBA Loan Borrower

BEN & JERRY'S
PITTSFIELD, MA 01201

SBA Loan Lender

TD BANKNORTH
99 WEST ST
PITTSFIELD, MA 01201

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5451 - Dairy Products Stores

NAICS Code

445299 - Specialty Food Stores

Loan Approval Date

4/10/2001

Loan Approval Gross Amount

$76,275

Loan Approval from the SBA

Of the total $76,275 loan amount, the SBA guaranteed $64,834.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Ben & Jerry's Ice Cream franchise. At the time of the loan, the company had 16 employees. The loan application did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start a small business or need money for an existing business, an SBA loan can be a great funding source

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $76,275 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Ben & Jerry's Franchising, Inc.

Choosing VC Firms

SBA 7A Banks for Pittsfield, Massachusetts Loans

SBA Lenders in Massachusetts