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November 14, 2024  
 
 
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Loan Census SBA Loan Info

Borrow Money to Buy a Carvel Ice Cream Franchise

Need money to buy a Carvel Ice Cream franchise? Temecula Valley Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Tuckerton, New Jersey needed money to invest in a Carvel Ice Cream franchise back in 2005. Temecula Valley Bank issued an SBA franchise loan. Here are the details on this New Jersey small business loan.

SBA Loan Borrower

SEAPORT ICE CREAM, LLC, A NEW JERSEY LIMIT
Tuckerton, NJ 08087

SBA Loan Lender

TEMECULA VALLEY BANK
27710 JEFFERSON AVE, A-100
TEMECULA, CA 92590

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

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

12/14/2005

Loan Approval Gross Amount

$1,625,400

Loan Approval from the SBA

Of the total $1,625,400 loan amount, the SBA guaranteed $1,219,050.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Carvel Ice Cream franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 10 new jobs and retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

We've showcased information on this loan to let you know that businesses like yours 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.

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