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December 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Los Angeles, Business Loans > Wilshire State Bank Los Angeles Business Loans > Ben & Jerry's Loan | ||||
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SBA 7A Banks in California
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Loan to Buy Ben & Jerry's Ice Cream Franchise Issued By Wilshire State BankNeed money to buy a Ben & Jerry's Ice Cream franchise? Wilshire State Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Rancho Mirage, California needed money to invest in a Ben & Jerry's Ice Cream franchise back in 2005. Wilshire State Bank issued an SBA franchise loan. Here are the details on this California small business loan. SBA Loan Borrower BEN & JERRY'S SBA Loan Lender WILSHIRE STATE BANK 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 445299 - Specialty Food Stores Loan Approval Date 5/10/2005 Loan Approval Gross Amount $400,000 Loan Approval from the SBA Of the total $400,000 loan amount, the SBA guaranteed $300,000. 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 12 employees. The loan application indicated that the loan would help retain 12 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you are raising money in Rancho Mirage CA, you ought to talk with a local Rancho Mirage SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Rancho Mirage businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Wilshire State Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Wilshire State Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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. Small Business Banks in Los Angeles, California
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