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May 3, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > New York, Business Loans > Newtek Small Business Finance Inc. New York Business Loans > Carvel Ice Cream Loan | ||||
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Flower Mound, Texas Bank Loan
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Flower Mound, TX Entrepreneur Gets SBA Loan to Buy Carvel Ice Cream FranchiseNeed a loan to invest in a Carvel Ice Cream franchise? Newtek Small Business Finance Inc. has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Carvel Ice Cream franchise shouldn't be overly burdensome. In 2004, Newtek Small Business Finance Inc. issued an SBA franchise loan to an entrepreneur in Flower Mound, Texas. Because Carvel Ice Cream was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis. SBA Loan Borrower CARVEL ICE CREAM SBA Loan Lender NEWTEK SMALL BUSINESS FINANCE INC. This lender issued this bank loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 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. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 11/15/2004 Loan Approval Gross Amount $290,000 Loan Approval from the SBA Of the total $290,000 loan amount, the SBA guaranteed $217,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Carvel Ice Cream franchise. At the time of the loan, the company had 6 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. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Newtek Small Business Finance Inc. are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: SBA Approved Banks in New York, New York
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