Loan to Buy Cold Stone Creamery Franchise Issued By Zions First National Bank
Need money to buy a Cold Stone Creamery franchise? Zions First National Bank has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Salt Lake City, Utah needed money to invest in a Cold Stone Creamery franchise back in 2005. Zions First National Bank issued an SBA franchise loan. Here are the details on this Utah small business loan.
SBA Loan Borrower
FRAZIER INVESTMENTS, L.L.C.
SALT LAKE CITY, UT 84103
SBA Loan Lender
ZIONS FIRST NATIONAL BANK
2460 SOUTH 3270 WEST, SBA DEP
WEST VALLEY CITY, UT 84119
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
3/9/2005
Loan Approval Gross Amount
$216,000
Loan Approval from the SBA
Of the total $216,000 loan amount, the SBA guaranteed $162,000.
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 4 employees. The SBA loan application for the borrower indicated that the loan would help retain 4 existing jobs.
Getting an SBA Loan For Your Business
Many small businesses receive loans backed by the U.S. Small Business Administration.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Zions First National Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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.
Choosing VC Firms
SBA 7A Lenders in West Valley City, Utah
Utah SBA 7A Lenders