Davenport, IA Entrepreneur Gets SBA Loan to Buy Cookies By Design Franchise

Borrowing money to invest in a Cookies By Design franchise? Quad City Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Cookies By Design franchise? If so, here's a 2001 SBA franchise loan that you should know about. Quad City Bank & Trust was the lender and the entrepreneur was based in Davenport, Iowa.

SBA Loan Borrower

CHERRY ENTERPRISES
DAVENPORT, IA 52803

SBA Loan Lender

QUAD CITY BANK & TRUST
4500 N BRADY ST
DAVENPORT, IA 52806

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide debt financing to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445291 - Baked Goods Stores

Loan Approval Date

9/27/2001

Loan Approval Gross Amount

$238,000

Loan Approval from the SBA

Of the total $238,000 loan amount, the SBA guaranteed $178,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Cookies By Design franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Quad City Bank & Trust 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:

Cookies by Design / Cookie Bouquet

Family and Friend Investors - Your First Financiers

Who Lends Money to Small Businesses in Davenport, Iowa

Iowa SBA Banks