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May 18, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Dallas, Business Loans > Comerica Bank Dallas Business Loans > Cold Stone Creamery Loan | ||||
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Raising Money in Boca Raton, Florida With SBA Loans
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Boca Raton, FL Entrepreneur Gets SBA Loan to Buy Cold Stone Creamery FranchiseBorrowing money to buy a Cold Stone Creamery franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Boca Raton, Florida needed money to invest in a Cold Stone Creamery franchise back in 2003. Comerica Bank issued an SBA franchise loan. Here are the details on this Florida small business loan. SBA Loan Borrower COLD STONE CREAMERY SBA Loan Lender COMERICA BANK 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 722211 - Limited-Service Restaurants Loan Approval Date 5/2/2003 Loan Approval Gross Amount $248,000 Loan Approval from the SBA Of the total $248,000 loan amount, the SBA guaranteed $186,000. 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 2 employees. The SBA loan documents indicated that the loan would help generate 18 new jobs and retain 20 existing jobs. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: The Friends and Family Network SBA Participating Banks in Dallas, Texas Getting a Business Loan in Texas
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