Loan to Buy Ben & Jerry's Ice Cream Franchise Issued By Sterling Bank

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

If you live near Sugar Land, Texas and are interested in buying a Ben & Jerry's Ice Cream franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Sterling Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

BEN & JERRY'S
SUGAR LAND, TX 77478

SBA Loan Lender

STERLING BANK
2550 N LOOP WEST
HOUSTON, TX 77092

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

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

5/13/2004

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 SBA loan documents indicated that the funding would help generate 11 new jobs.

Next Steps for Getting an SBA Loan

If you need money to start a business or need money to grow a business, an SBA loan can be a great source of funding.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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.

SBIR Funding

Small Business Banks in Houston, Texas

Where to Get an SBA Loan Texas