Copper Mountain, CO Entrepreneur Gets SBA Loan to Buy Rocky Mountain Chocolate Factory Franchise

Borrowing money to purchase a Rocky Mountain Chocolate Factory franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Rocky Mountain Chocolate Factory franchise shouldn't be overly burdensome. In 2006, Wells Fargo Bank issued an SBA franchise loan to an entrepreneur in Copper Mountain, Colorado. Because Rocky Mountain Chocolate Factory was registered with the SBA's registry of franchises, this Colorado small business loan was issued on an expedited basis.

SBA Loan Borrower

ROCKY MOUNTAIN CHOCOLATE FACTORY
Copper Mountain, CO 80443

SBA Loan Lender

WELLS FARGO BANK
101 N PHILIPS AVE
SIOUX FALLS, SD 57104

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445292 - Confectionery and Nut Stores

Loan Approval Date

10/9/2006

Loan Approval Gross Amount

$170,000

Loan Approval from the SBA

Of the total $170,000 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 Rocky Mountain Chocolate Factory franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 1 new job and retain 8 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

Every year, the SBA guarantees over $10 billion for loans just like this one.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Wells Fargo Bank and they will explain how you can get an SBA loan for your company.

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:

Rocky Mountain Chocolate Factory

Business Line of Credit

SBA Approved Banks in Sioux Falls, South Dakota

South Dakota SBA Banks