Roseville, CA Entrepreneur Gets SBA Loan to Buy Maggiemoo's ice Cream Franchise

Need money to invest in a Maggiemoo's ice Cream franchise? Community W. Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Roseville, California needed money to invest in a Maggiemoo's ice Cream franchise back in 2004. Community W. Bank issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower

MAGGIEMOO'S ICE CREAM & TREATE
ROSEVILLE, CA 95678

SBA Loan Lender

COMMUNITY W. BANK
5827 HOLLISTER AVE
GOLETA, CA 93117

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

6/9/2004

Loan Approval Gross Amount

$252,800

Loan Approval from the SBA

Of the total $252,800 loan amount, the SBA guaranteed $189,600.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Maggiemoo's ice Cream franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 11 new jobs and retain 1 existing job.

Next Steps for Getting an SBA Loan

If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great way to raise money

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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.

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