Borrow Money to Buy a Cold Stone Creamery Franchise

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

Want to borrow money to buy a Cold Stone Creamery franchise? If so, here's a 2006 SBA franchise loan that you should know about. Mainstreet Bank was the lender and the entrepreneur was based in Richmond, Virginia.

SBA Loan Borrower

COLD STONE CREAMERY
RICHMOND, VA 23229

SBA Loan Lender

MAINSTREET BANK
727 ELDEN ST
HERNDON, VA 20170

This 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

445292 - Confectionery and Nut Stores

Loan Approval Date

3/10/2006

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $225,000.

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 2 employees. This SBA loan request did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

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

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

This SBA loan was for $300,000. How would you spend $300,000 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.

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