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April 28, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Salt Lake City, Business Loans > Merrill Lynch Bank Usa Salt Lake City Business Loans > Cold Stone Creamery Loan | ||||
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Best Banks for Norfolk Franchise Buyers
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Virginia Entrepreneur Secures Financing to Buy Cold Stone Creamery FranchiseBorrowing money to invest in a Cold Stone Creamery franchise? Merrill Lynch Bank Usa has a history of making these loans and they are guaranteed by the SBA. Cold Stone Creamery franchise loans are available to Norfolk, Virginia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Merrill Lynch Bank Usa, based in Salt Lake City, Utah, issued an SBA franchise loan for a Cold Stone Creamery franchise in 2003. We've got all the details on this Virginia small business loan. SBA Loan Borrower COLD STONE CREAMERY SBA Loan Lender MERRILL LYNCH BANK USA 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 722211 - Limited-Service Restaurants Loan Approval Date 9/17/2003 Loan Approval Gross Amount $261,000 Loan Approval from the SBA Of the total $261,000 loan amount, the SBA guaranteed $195,750. 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 2 employees. The loan application indicated that the loan would help generate 23 new jobs and retain 2 existing jobs. Next Steps for Getting an SBA Loan Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. 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 $261,000 loan. Remember, if it to be, it is up to me! 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: Accountant's Role in Securing Financing SBA 7A Banks in Salt Lake City, Utah
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