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April 19, 2024 |
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| Home > Small Business Lenders by State > Alaska Business Loan Sources > Sacramento, Business Loans > Comerica Bank Sacramento Business Loans > Cold Stone Creamery #1025 Loan | ||||
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Alaska Small Business Funding for Franchises
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Borrow Money to Buy a Cold Stone Creamery FranchiseNeed a loan to purchase a Cold Stone Creamery franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Soldotna, Alaska needed money to invest in a Cold Stone Creamery franchise back in 2005. Comerica Bank issued an SBA franchise loan. Here are the details on this Alaska small business loan. SBA Loan Borrower COLD STONE CREAMERY #1025 SBA Loan Lender COMERICA BANK At the time this loan was granted, the lender was part of the SBA's Certified Lenders Program (CLP). This program was created to give speedy service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 8/24/2005 Loan Approval Gross Amount $338,500 Loan Approval from the SBA Of the total $338,500 loan amount, the SBA guaranteed $253,875. 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 18 employees. The loan application did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Find an SBA Lender in Sacramento, California
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