Washington Entrepreneur Secures Financing to Buy Cold Stone Creamery Franchise

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

Cold Stone Creamery franchise loans are available to Yakima, Washington entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Central Valley Bank, based in Toppenish, Washington, issued an SBA franchise loan for a Cold Stone Creamery franchise in 2005. We've got all the details on this Washington small business loan.

SBA Loan Borrower

COLD STONE CREAMERY
YAKIMA, WA 98908

SBA Loan Lender

CENTRAL VALLEY BANK
537 W 2ND AVE
TOPPENISH, WA 98948

This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

5/5/2005

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Cold Stone Creamery franchise. At the time of the loan, the company had 16 employees. The loan application did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

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

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Central Valley Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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.

Microlending as a Small Business Funding Source

SBA Participating Banks in Toppenish, Washington

SBA Washington Banks