Brewster, MA Entrepreneur Gets SBA Loan to Buy Ben & Jerry's Ice Cream Franchise

Need a loan to invest in a Ben & Jerry's Ice Cream franchise? Cape Cod Five Cents Savings Bk has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Brewster, Massachusetts needed money to invest in a Ben & Jerry's Ice Cream franchise back in 2001. Cape Cod Five Cents Savings Bk issued an SBA franchise loan. Here are the details on this Massachusetts small business loan.

SBA Loan Borrower

BEN & JERRY'S
BREWSTER, MA 02631

SBA Loan Lender

CAPE COD FIVE CENTS SAVINGS BK
532 MAIN ST
HARWICH PORT, MA 02646

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

3/13/2001

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Ben & Jerry's Ice Cream franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Ben & Jerry's Franchising, Inc.

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