Texas Entrepreneur Secures Financing to Buy Piccomolo Italian Ice Cream Franchise

Need money to buy a Piccomolo Italian Ice Cream franchise? United Central 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 Piccomolo Italian Ice Cream franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by United Central Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

PICCOMOLO ITALIAN ICE CREAM AN
SUGAR LAND, TX 77478

SBA Loan Lender

UNITED CENTRAL BANK
4555 W WALNUT ST
GARLAND, TX 75042

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

722211 - Limited-Service Restaurants

Loan Approval Date

9/15/2005

Loan Approval Gross Amount

$230,000

Loan Approval from the SBA

Of the total $230,000 loan amount, the SBA guaranteed $172,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Piccomolo Italian Ice Cream franchise. At the time of the loan, the company had 7 employees. The SBA loan documents indicated that the borrowed money would help generate 7 new jobs.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from United Central Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Piccomolo Italian Ice Cream

Obtaining Funding - How to Borrow Money

SBA 7A Banks for Garland, Texas Loans

Getting a Business Loan in Texas