Borrow Money to Buy a Freshen's Premium Yogurt Franchise

Need money to buy a Freshen's Premium Yogurt franchise? Sovereign Bank has a history of making these loans and they are guaranteed by the SBA.

Freshen's Premium Yogurt franchise loans are available to Warwick, Rhode Island entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Sovereign Bank, based in Dorchester, Massachusetts, issued an SBA franchise loan for a Freshen's Premium Yogurt franchise in 2003. We've got all the details on this Rhode Island small business loan.

SBA Loan Borrower

FRESHENS
WARWICK, RI 02886

SBA Loan Lender

SOVEREIGN BANK
2 MORRISEY BLVD
DORCHESTER, MA 02125

This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

7/3/2003

Loan Approval Gross Amount

$175,000

Loan Approval from the SBA

Of the total $175,000 loan amount, the SBA guaranteed $131,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Freshen's Premium Yogurt franchise. At the time of the loan, the company had 10 employees. The loan application did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? 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:

Debt Financing

Small Bank Loans in Dorchester, Massachusetts

Massachusetts SBA 7A Lenders