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May 26, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Ramsey, Business Loans > Commerce Bank/north Ramsey Business Loans > The Creamery Store 571 LLC Loan | ||||
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Where to Get a Business Loan to Purchase a Franchise
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New Jersey Entrepreneur Secures Financing to Buy Cold Stone Creamery FranchiseNeed a loan to invest in a Cold Stone Creamery franchise? Commerce Bank/north has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Cold Stone Creamery franchise? If so, here's a 2003 SBA franchise loan that you should know about. Commerce Bank/north was the lender and the entrepreneur was based in Fairfield, New Jersey. SBA Loan Borrower THE CREAMERY STORE 571 LLC SBA Loan Lender COMMERCE BANK/NORTH This lender provides SBA guaranteed bank 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 1/2/2003 Loan Approval Gross Amount $188,000 Loan Approval from the SBA Of the total $188,000 loan amount, the SBA guaranteed $141,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Cold Stone Creamery franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 10 new jobs and retain 1 existing job. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. We can help you find the best banks for small businesses in Fairfield or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Raising VC Money for Social Networking Companies SBA Banks in Ramsey, New Jersey Getting a Business Loan in New Jersey
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