Texas Entrepreneur Secures Financing to Buy Piccomolo Italian Ice Cream Franchise

Borrowing money to purchase a Piccomolo Italian Ice Cream franchise? Woodforest National Bank has a history of making these loans and they are guaranteed by the SBA.

Piccomolo Italian Ice Cream franchise loans are available to The Woodlands, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Woodforest National Bank, based in Houston, Texas, issued an SBA franchise loan for a Piccomolo Italian Ice Cream franchise in 2005. We've got all the details on this Texas small business loan.

SBA Loan Borrower

WOODLANDS EYE CENTER, PA
THE WOODLANDS, TX 77380

SBA Loan Lender

WOODFOREST NATIONAL BANK
13301 EAST FRWY
HOUSTON, TX 77015

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

621320 - Optometrists

Loan Approval Date

3/9/2005

Loan Approval Gross Amount

$288,000

Loan Approval from the SBA

Of the total $288,000 loan amount, the SBA guaranteed $216,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Piccomolo Italian Ice Cream franchise. At the time of the loan, the company had 5 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 5 existing jobs.

Getting an SBA Loan For Your Business

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Woodforest National Bank and they will explain how you can get an SBA loan for your company.

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

Accountant's Role in Securing Financing

Best Banks for Small Business in Houston, Texas

Getting an SBA Loan in Texas