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December 22, 2024 |
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| Home > Small Business Lenders by State > Rhode Island Business Loan Sources > Livingston, Business Loans > Cit Small Business Lending Corp Livingston Business Loans > Ben And Jerry's Loan | ||||
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Raising Money in Providence, Rhode Island With SBA Loans
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Providence, RI Entrepreneur Gets SBA Loan to Buy Ben & Jerry's Ice Cream FranchiseNeed a loan to buy a Ben & Jerry's Ice Cream franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA. Ben & Jerry's Ice Cream franchise loans are available to Providence, Rhode Island entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Cit Small Business Lending Corp, based in Livingston, New Jersey, issued an SBA franchise loan for a Ben & Jerry's Ice Cream franchise in 2004. We've got all the details on this Rhode Island small business loan. SBA Loan Borrower BEN AND JERRY'S SBA Loan Lender CIT SMALL BUSINESS LENDING CORP Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 7/21/2004 Loan Approval Gross Amount $860,000 Loan Approval from the SBA Of the total $860,000 loan amount, the SBA guaranteed $645,000. 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 18 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 16 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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. Where to Get an SBA Loan in Livingston, New Jersey
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