Loan to Buy Cold Stone Creamery Franchise Issued By Nara Bank

Need money to purchase a Cold Stone Creamery franchise? Nara Bank has a history of making these loans and they are guaranteed by the SBA.

Cold Stone Creamery franchise loans are available to Mission Viejo, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Nara Bank, based in Los Angeles, California, issued an SBA franchise loan for a Cold Stone Creamery franchise in 2006. We've got all the details on this California small business loan.

SBA Loan Borrower

COLD STONE CREAMERY MISSION VI
MISSION VIEJO, CA 92691

SBA Loan Lender

NARA BANK
3731 WILSHIRE BLVD, STE 1000
LOS ANGELES, CA 90010

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

445299 - Specialty Food Stores

Loan Approval Date

1/19/2006

Loan Approval Gross Amount

$247,400

Loan Approval from the SBA

Of the total $247,400 loan amount, the SBA guaranteed $185,550.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Cold Stone Creamery franchise. At the time of the loan, the company had 9 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 9 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $247,400 loan. Remember, feel the fear, and do it anyway.

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:

Cold Stone Creamery, Inc.

Small Business Credit Cards

SBA 7A Banks for Los Angeles, California Loans

Getting a Business Loan in California