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May 2, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Windsor, Business Loans > Ups Capital Business Credit Windsor Business Loans > Cold Stone Creamery Loan | ||||
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Where to Get an SBA Loan to Purchase a Franchise
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Long Beach, NY Entrepreneur Gets SBA Loan to Buy Cold Stone Creamery FranchiseNeed money to purchase a Cold Stone Creamery franchise? Ups Capital Business Credit has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Cold Stone Creamery franchise is doable. In 2006, Ups Capital Business Credit issued an SBA franchise loan to an entrepreneur in Long Beach, New York. Because Cold Stone Creamery was registered with the SBA's registry of franchises, this New York small business loan was issued on an expedited basis. SBA Loan Borrower COLD STONE CREAMERY SBA Loan Lender UPS CAPITAL BUSINESS CREDIT 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 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 1/24/2006 Loan Approval Gross Amount $231,000 Loan Approval from the SBA Of the total $231,000 loan amount, the SBA guaranteed $173,250. 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 11 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 11 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Good Banks for Small Business in Windsor, Connecticut Browse All Business Loan Sources for Connecticut
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