Temecula, CA Entrepreneur Gets SBA Loan to Buy Cold Stone Creamery Franchise

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

An entrepreneur in Temecula, California needed money to invest in a Cold Stone Creamery franchise back in 2004. American Security Bank issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower

COLDSTONE CREAMERY #253
TEMECULA, CA 92592

SBA Loan Lender

AMERICAN SECURITY BANK
1 MACARTHUR PL, STE 110
SANTA ANA, CA 92707

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

12/28/2004

Loan Approval Gross Amount

$87,800

Loan Approval from the SBA

Of the total $87,800 loan amount, the SBA guaranteed $74,630.

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 12 employees. The SBA loan documents indicated that the funding would help generate 5 new jobs.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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.

Advice on Getting a Small Business Loan

SBA Approved Banks in Santa Ana, California

California SBA 7A Banks