San Jose, CA Entrepreneur Gets SBA Loan to Buy Ben & Jerry's Ice Cream Franchise

Need money to invest in a Ben & Jerry's Ice Cream franchise? Cupertino National Bank A Division has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Ben & Jerry's Ice Cream franchise shouldn't be overly burdensome. In 2003, Cupertino National Bank A Division issued an SBA franchise loan to an entrepreneur in San Jose, California. Because Ben & Jerry's Ice Cream was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.

SBA Loan Borrower

BEN & JERRY'S
SAN JOSE, CA 95128

SBA Loan Lender

CUPERTINO NATIONAL BANK A DIVISION
20230 STEVENS CREEK BLVD
CUPERTINO, CA 95014

This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445292 - Confectionery and Nut Stores

Loan Approval Date

9/3/2003

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Ben & Jerry's Ice Cream franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 6 new jobs and retain 7 existing jobs.

Getting an SBA Loan For Your 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.

We can help you find the best banks for small businesses in San Jose or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Ben & Jerry's Franchising, Inc.

Obtaining Funding - How to Decide How Much to Raise

SBA 7A Banks for Cupertino, California Loans

Getting a Business Loan in California