Round Rock, TX Entrepreneur Gets SBA Loan to Buy Maggiemoo's ice Cream Franchise

Need a loan to invest in a Maggiemoo's ice Cream franchise? Omnibank, National Association has a history of making these loans and they are guaranteed by the SBA.

Maggiemoo's ice Cream franchise loans are available to Round Rock, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Omnibank, National Association, based in Houston, Texas, issued an SBA franchise loan for a Maggiemoo's ice Cream franchise in 2005. We've got all the details on this Texas small business loan.

SBA Loan Borrower

MAGGIE MOO'S ICE CREAM & TREAT
ROUND ROCK, TX 78681

SBA Loan Lender

OMNIBANK, NATIONAL ASSOCIATION
4328 OLD SPANISH TRL
HOUSTON, TX 77021

This loan for a small business 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

5461 - Retail Bakeries

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

6/27/2005

Loan Approval Gross Amount

$240,500

Loan Approval from the SBA

Of the total $240,500 loan amount, the SBA guaranteed $180,375.

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 15 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Omnibank, National Association had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Omnibank, National Association 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:

MaggieMoo's International, LLC

Obtaining Funding - How to Decide How Much to Raise

SBA 7A Banks in Houston, Texas

Where to Get an SBA Loan Texas