Borrow Money to Buy a Cold Stone Creamery Franchise

Need a loan to buy a Cold Stone Creamery franchise? First American Bank has a history of making these loans and they are guaranteed by the SBA.

Cold Stone Creamery franchise loans are available to Urbandale, Iowa entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First American Bank, based in Sioux City, Iowa, issued an SBA franchise loan for a Cold Stone Creamery franchise in 2005. We've got all the details on this Iowa small business loan.

SBA Loan Borrower

COLD STONE CREAMERY
URBANDALE, IA 50322

SBA Loan Lender

FIRST AMERICAN BANK
800 GORDON DR
SIOUX CITY, IA 51101

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

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

5/25/2005

Loan Approval Gross Amount

$546,300

Loan Approval from the SBA

Of the total $546,300 loan amount, the SBA guaranteed $409,725.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Cold Stone Creamery franchise. At the time of the loan, the company had 180 employees. The loan application did not indicate that the company planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Cold Stone Creamery, Inc.

Family and Friend Investors - Your First Financiers

SBA 7A Banks in Sioux City, Iowa

Getting an SBA Loan in Iowa