Washington, DC Entrepreneur Gets SBA Loan to Buy Mrs. Field's Cookies Franchise

Need money to buy a Mrs. Field's Cookies franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.

Mrs. Field's Cookies franchise loans are available to Washington, District of Columbia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Cit Small Business Lending Corp, based in Livingston, New Jersey, issued an SBA franchise loan for a Mrs. Field's Cookies franchise in 2003. We've got all the details on this District of Columbia small business loan.

SBA Loan Borrower

TCBY/MRS. FIELDS
WASHINGTON, DC 20009

SBA Loan Lender

CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445291 - Baked Goods Stores

Loan Approval Date

4/11/2003

Loan Approval Gross Amount

$229,600

Loan Approval from the SBA

Of the total $229,600 loan amount, the SBA guaranteed $172,200.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Mrs. Field's Cookies franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower indicated that the loan would help generate 4 new jobs and retain 4 existing jobs.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Cit Small Business Lending Corp are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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:

Mrs. Fields Original Cookies, Inc.

Alternative Financing

SBA 7A Banks in Livingston, New Jersey

New Jersey SBA Banks