Loan Census Banking News and Information
April 29, 2024  
 
 
  Business Loan Information  
 

Business Loans for West Caldwell Small Businesses

 

 
Loan Census SBA Loan Info

Loan to Buy Cold Stone Creamery Franchise Issued By Woori America Bank

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

An entrepreneur in West Caldwell, New Jersey needed money to invest in a Cold Stone Creamery franchise back in 2007. Woori America Bank issued an SBA franchise loan. Here are the details on this New Jersey small business loan.

SBA Loan Borrower

COLD STONE CREAMERY #785
WEST CALDWELL, NJ 07006

SBA Loan Lender

WOORI AMERICA BANK
1250 BROADWAY & 32ND ST
NEW YORK CITY, NY 10001

This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445299 - Specialty Food Stores

Loan Approval Date

4/25/2007

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $300,000.

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 8 employees. The loan application indicated that the loan would help retain 8 existing jobs.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $400,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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.

Determining Proper Capital Structure for a Business

Where to Get an SBA Loan in New York City, New York

Browse All Business Loan Sources for New York