Connecticut Entrepreneur Secures Financing to Buy Carvel Ice Cream Franchise

Borrowing money to invest in a Carvel Ice Cream franchise? Newtown Savings Bank has a history of making these loans and they are guaranteed by the SBA.

Carvel Ice Cream franchise loans are available to Stratford, Connecticut entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Newtown Savings Bank, based in Newtown, Connecticut, issued an SBA franchise loan for a Carvel Ice Cream franchise in 2002. We've got all the details on this Connecticut small business loan.

SBA Loan Borrower

O.W.I. FOOD SERVICES, LLC
STRATFORD, CT 06615

SBA Loan Lender

NEWTOWN SAVINGS BANK
39 MAIN ST
NEWTOWN, CT 06470

This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

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

8/6/2002

Loan Approval Gross Amount

$130,000

Loan Approval from the SBA

Of the total $130,000 loan amount, the SBA guaranteed $110,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Carvel Ice Cream franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

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

If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great way to raise money

We've showcased information on this loan to let you know that businesses like yours 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:

Carvel Ice Cream

Carvel Corporation

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SBA 7A Banks for Newtown, Connecticut Loans

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