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April 28, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > San Francisco, Business Loans > Bank Of The West San Francisco Business Loans > Maggie Moo's Annapolis Loan | ||||
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How Much Does It Cost to Buy a Franchise in Annapolis, Maryland?
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Borrow Money to Buy a Maggiemoo's ice Cream FranchiseNeed a loan to purchase a Maggiemoo's ice Cream franchise? Bank Of The West has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Annapolis, Maryland needed money to invest in a Maggiemoo's ice Cream franchise back in 2000. Bank Of The West issued an SBA franchise loan. Here are the details on this Maryland small business loan. SBA Loan Borrower MAGGIE MOO'S ANNAPOLIS SBA Loan Lender BANK OF THE WEST This lender issued this loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 445299 - Specialty Food Stores Loan Approval Date 12/7/2000 Loan Approval Gross Amount $160,000 Loan Approval from the SBA Of the total $160,000 loan amount, the SBA guaranteed $120,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Maggiemoo's ice Cream franchise. At the time of the loan, the company had 14 employees. The SBA loan documents did not indicate that the company promised to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan 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 Bank Of The West 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: MaggieMoo's International, LLC Obtaining Funding - Getting Venture Capital Banks in San Francisco, California
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