Commerce Bank Provides SBA Loan to Buy Marble Slab Creamery Franchise

Need money to purchase a Marble Slab Creamery franchise? Commerce Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Marble Slab Creamery franchise? If so, here's a 2004 SBA franchise loan that you should know about. Commerce Bank was the lender and the entrepreneur was based in San Antonio, Texas.

SBA Loan Borrower

MARBLE SLAB CREAMERY
SAN ANTONIO, TX 78230

SBA Loan Lender

COMMERCE BANK
2120 SAUNDERS
LAREDO, TX 78041

This debt financing was granted by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA provides a quick answer on whether the loan qualifies.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

8/24/2004

Loan Approval Gross Amount

$370,825

Loan Approval from the SBA

Of the total $370,825 loan amount, the SBA guaranteed $278,119.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Marble Slab Creamery franchise. At the time of the loan, the company had 10 employees. This SBA loan request did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees.

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

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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