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May 4, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Dallas, Business Loans > Comerica Bank Dallas Business Loans > Cold Stone Creamery Loan | ||||
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How Can I Buy a Franchise in Chicago, Illinois?
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Comerica Bank Provides SBA Loan to Buy Cold Stone Creamery FranchiseNeed money to invest in a Cold Stone Creamery franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Chicago, Illinois needed money to invest in a Cold Stone Creamery franchise back in 2005. Comerica Bank issued an SBA franchise loan. Here are the details on this Illinois small business loan. SBA Loan Borrower COLD STONE CREAMERY SBA Loan Lender COMERICA BANK This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 3/10/2005 Loan Approval Gross Amount $299,000 Loan Approval from the SBA Of the total $299,000 loan amount, the SBA guaranteed $224,250. More Information on This SBA Loan The borrower borrowed this money for an existing 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 application for the borrower indicated that the loan would help generate 25 new jobs and retain 25 existing jobs. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Comerica 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: Small Business Banks in Dallas, Texas
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