Loan to Buy Maggiemoo's ice Cream Franchise Issued By The Exchange Bank

Need money to purchase a Maggiemoo's ice Cream franchise? The Exchange Bank has a history of making these loans and they are guaranteed by the SBA.

Maggiemoo's ice Cream franchise loans are available to Tulsa, Oklahoma entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, The Exchange Bank, based in Skiatook, Oklahoma, issued an SBA franchise loan for a Maggiemoo's ice Cream franchise in 2005. We've got all the details on this Oklahoma small business loan.

SBA Loan Borrower

MAGGIE MOOS AT KINGSPOINT
TULSA, OK 74133

SBA Loan Lender

THE EXCHANGE BANK
300 W ROGERS BLVD
SKIATOOK, OK 74070

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

4/27/2005

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 10 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

MaggieMoo's International, LLC

Family and Friend Investors - Your First Financiers

Best Skiatook, Oklahoma Banks for Small Business

Getting an SBA Loan in Oklahoma