Banco Popular North America Provides SBA Loan to Buy Ben & Jerry's Ice Cream Franchise

Need money to purchase a Ben & Jerry's Ice Cream franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA.

Ben & Jerry's Ice Cream franchise loans are available to Uncasville (montville (sta.)), Connecticut entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Banco Popular North America, based in New York City, New York, issued an SBA franchise loan for a Ben & Jerry's Ice Cream franchise in 2007. We've got all the details on this Connecticut small business loan.

SBA Loan Borrower

BEN & JERRY'S
UNCASVILLE (MONTVILLE (STA.)), CT 06382

SBA Loan Lender

BANCO POPULAR NORTH AMERICA
7 W 51ST ST, BETWEEN 5TH & 6T
NEW YORK CITY, NY 10019

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

4/27/2007

Loan Approval Gross Amount

$1,809,000

Loan Approval from the SBA

Of the total $1,809,000 loan amount, the SBA guaranteed $1,356,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Ben & Jerry's Ice Cream franchise. At the time of the loan, the company had 27 employees. The loan application indicated that the loan would help retain 27 existing jobs.

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

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Ben & Jerry's Franchising, Inc.

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Small Bank Loans in New York City, New York

Getting an SBA Loan in New York