Sioux Falls, SD Entrepreneur Gets SBA Loan to Buy Cold Stone Creamery Franchise

Borrowing money to buy a Cold Stone Creamery franchise? Metabank has a history of making these loans and they are guaranteed by the SBA.

Cold Stone Creamery franchise loans are available to Sioux Falls, South Dakota entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Metabank, based in Sioux Falls, South Dakota, issued an SBA franchise loan for a Cold Stone Creamery franchise in 2005. We've got all the details on this South Dakota small business loan.

SBA Loan Borrower

COLD STONE CREAMERY
SIOUX FALLS, SD 57105

SBA Loan Lender

METABANK
2500 S MINNESOTA AVE
SIOUX FALLS, SD 57105

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

5/4/2005

Loan Approval Gross Amount

$260,000

Loan Approval from the SBA

Of the total $260,000 loan amount, the SBA guaranteed $195,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Cold Stone Creamery franchise. At the time of the loan, the company had 65 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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.

Equity Financing

Where to Get an SBA Loan in Sioux Falls, South Dakota

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