Borrow Money to Buy a Cold Stone Creamery Franchise
Need a loan to purchase a Cold Stone Creamery franchise? U.S. Bank National Association has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy a Cold Stone Creamery franchise is doable. In 2005, U.S. Bank National Association issued an SBA franchise loan to an entrepreneur in Shiloh, Illinois. Because Cold Stone Creamery was registered with the SBA's registry of franchises, this Illinois small business loan was issued on an expedited basis.
SBA Loan Borrower
COLD STONE CREAMERY
SHILOH, IL 62221
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
445299 - Specialty Food Stores
Loan Approval Date
4/7/2005
Loan Approval Gross Amount
$150,000
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $127,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Cold Stone Creamery franchise. At the time of the loan, the company
had 20 employees. The SBA loan application for the borrower indicated that the loan would help generate 19 new jobs and retain 1 existing job.
Next Steps for Getting an SBA Loan
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
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.
Related Links:
Cold Stone Creamery, Inc.
How Equity Dilution Works
Who Lends Money to Small Businesses in Cincinnati, Ohio
Getting an SBA Loan in Ohio