California Entrepreneur Secures Financing to Buy Baskin-Robbins 31 Ice Cream Franchise
Borrowing money to purchase a Baskin-Robbins 31 Ice Cream franchise? Internatl City Bank has a history of making these loans and they are guaranteed by the SBA.
Baskin-Robbins 31 Ice Cream franchise loans are available to San Gabriel, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Internatl City Bank, based in Long Beach, California, issued an SBA franchise loan for a Baskin-Robbins 31 Ice Cream franchise in 2002. We've got all the details on this California small business loan.
SBA Loan Borrower
BDKE ENTERPRISES INC
SAN GABRIEL, CA 91776
SBA Loan Lender
INTERNATL CITY BANK
249 E OCEAN BLVD
LONG BEACH, CA 90802
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
445292 - Confectionery and Nut Stores
Loan Approval Date
9/18/2002
Loan Approval Gross Amount
$196,000
Loan Approval from the SBA
Of the total $196,000 loan amount, the SBA guaranteed $147,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Baskin-Robbins 31 Ice Cream franchise. At the time of the loan, the company
had 8 employees. The SBA loan application for the borrower indicated that the loan would help retain 8 existing jobs.
Getting an SBA Loan For Your Business
SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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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