San Francisco, CA Entrepreneur Gets SBA Loan to Buy Melt Cafe & Gelato Bar Franchise

Borrowing money to purchase a Melt Cafe & Gelato Bar franchise? American Continental Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Melt Cafe & Gelato Bar franchise may simply require a phone call to a local SBA banker. In 2006, American Continental Bank issued an SBA franchise loan to an entrepreneur in San Francisco, California. Because Melt Cafe & Gelato Bar was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.

SBA Loan Borrower

MELT-SAN FRANCISCO CENTER MELT
SAN FRANCISCO, CA 94103

SBA Loan Lender

AMERICAN CONTINENTAL BANK
17700 CASTLETON ST, STE 100
CITY OF INDUSTRY, CA 91748

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

11/1/2006

Loan Approval Gross Amount

$797,000

Loan Approval from the SBA

Of the total $797,000 loan amount, the SBA guaranteed $597,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Melt Cafe & Gelato Bar franchise. At the time of the loan, the company had 26 employees. The SBA loan application for the borrower indicated that the loan would help generate 10 new jobs and retain 16 existing jobs.

Getting an SBA Loan For Your Business

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.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $797,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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