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May 13, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Jackson, Business Loans > Trustmark National Bank Jackson Business Loans > D & J Managment, LLC Loan | ||||
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Requirements for Getting a Franchise Loan
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Borrow Money to Buy a Baskin-Robbins 31 Ice Cream FranchiseNeed money to purchase a Baskin-Robbins 31 Ice Cream franchise? Trustmark National Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Baskin-Robbins 31 Ice Cream franchise shouldn't be overly burdensome. In 2006, Trustmark National Bank issued an SBA franchise loan to an entrepreneur in Millington, Tennessee. Because Baskin-Robbins 31 Ice Cream was registered with the SBA's registry of franchises, this Tennessee small business loan was issued on an expedited basis. SBA Loan Borrower D & J MANAGMENT, LLC SBA Loan Lender TRUSTMARK NATIONAL BANK The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 2/7/2006 Loan Approval Gross Amount $25,400 Loan Approval from the SBA Of the total $25,400 loan amount, the SBA guaranteed $12,700. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Baskin-Robbins 31 Ice Cream franchise. At the time of the loan, the company had 13 employees. The SBA loan application for the borrower indicated that the loan would help generate 13 new jobs and retain 13 existing jobs. Getting an SBA Loan For Your Business The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. While you may be able to find other ways to get money to start a business, 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:
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