California Entrepreneur Secures Financing to Buy Frozen Ropes Northshore Franchise

Need money to invest in a Frozen Ropes Northshore franchise? U.S. Bank National Association has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Frozen Ropes Northshore franchise? If so, here's a 2006 SBA franchise loan that you should know about. U.S. Bank National Association was the lender and the entrepreneur was based in San Diego, California.

SBA Loan Borrower

FROZEN ROPES SAN DIEGO LLC
SAN DIEGO, CA 92127

SBA Loan Lender

U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202

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

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

8/16/2006

Loan Approval Gross Amount

$335,400

Loan Approval from the SBA

Of the total $335,400 loan amount, the SBA guaranteed $251,550.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Frozen Ropes Northshore franchise. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the funding would help generate 4 new jobs.

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.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from U.S. Bank National Association so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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