Borrow Money to Buy a Maggiemoo's ice Cream Franchise

Need money to buy a Maggiemoo's ice Cream franchise? U.S. Bank National Association has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Tigard, Oregon needed money to invest in a Maggiemoo's ice Cream franchise back in 2006. U.S. Bank National Association issued an SBA franchise loan. Here are the details on this Oregon small business loan.

SBA Loan Borrower

MAGGIE MOO'S
TIGARD, OR 97223

SBA Loan Lender

U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202

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

722211 - Limited-Service Restaurants

Loan Approval Date

11/8/2006

Loan Approval Gross Amount

$389,500

Loan Approval from the SBA

Of the total $389,500 loan amount, the SBA guaranteed $292,125.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Maggiemoo's ice Cream franchise. At the time of the loan, the company had 30 employees. This SBA loan request indicated that the funding would help generate 30 new jobs.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

We can help you find the best banks for small businesses in Tigard or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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.

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MaggieMoo's International, LLC

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Small Business Banks in Cincinnati, Ohio

Ohio SBA Bank Lenders