Loan to Buy Baskin-Robbins 31 Ice Cream Franchise Issued By Union Bank Of California

Need a loan to purchase a Baskin-Robbins 31 Ice Cream franchise? Union Bank Of California has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Turlock, California needed money to invest in a Baskin-Robbins 31 Ice Cream franchise back in 2005. Union Bank Of California issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower

BASKIN ROBBINS
TURLOCK, CA 95382

SBA Loan Lender

UNION BANK OF CALIFORNIA
400 CALIFORNIA ST, 1ST FL
SAN FRANCISCO, CA 94104

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445299 - Specialty Food Stores

Loan Approval Date

2/10/2005

Loan Approval Gross Amount

$241,700

Loan Approval from the SBA

Of the total $241,700 loan amount, the SBA guaranteed $181,275.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Baskin-Robbins 31 Ice Cream franchise. At the time of the loan, the company had 8 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $241,700 loan. Remember, you control your own destiny.

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:

Accountant's Role in Securing Financing

SBA 7A Lenders in San Francisco, California

SBA Participating Banks in California