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April 19, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Santa Ana, Business Loans > American Security Bank Santa Ana Business Loans > Coldstone Creamery #253 Loan | ||||
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American Security Bank Franchise Business Loans
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Temecula, CA Entrepreneur Gets SBA Loan to Buy Cold Stone Creamery FranchiseBorrowing money to buy a Cold Stone Creamery franchise? American Security Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Temecula, California needed money to invest in a Cold Stone Creamery franchise back in 2004. American Security Bank issued an SBA franchise loan. Here are the details on this California small business loan. SBA Loan Borrower COLDSTONE CREAMERY #253 SBA Loan Lender AMERICAN SECURITY BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445299 - Specialty Food Stores Loan Approval Date 12/28/2004 Loan Approval Gross Amount $87,800 Loan Approval from the SBA Of the total $87,800 loan amount, the SBA guaranteed $74,630. 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 12 employees. The SBA loan documents indicated that the funding would help generate 5 new jobs. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. 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: Advice on Getting a Small Business Loan SBA Approved Banks in Santa Ana, California
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