Loan to Buy Cold Stone Creamery Franchise Issued By Woodforest National Bank
Need money to buy a Cold Stone Creamery franchise? Woodforest National Bank has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy a Cold Stone Creamery franchise shouldn't be too tough. In 2004, Woodforest National Bank issued an SBA franchise loan to an entrepreneur in Frisco, Texas. Because Cold Stone Creamery was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.
SBA Loan Borrower
COLD STONE CREAMERY
FRISCO, TX 75034
SBA Loan Lender
WOODFOREST NATIONAL BANK
13301 EAST FRWY
HOUSTON, TX 77015
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.
722213 - Snack and Nonalcoholic Beverage Bars
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $462,000 loan amount, the SBA guaranteed $346,500.
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 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 13 new jobs and retain 2 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
This SBA loan was for $462,000. How would you spend $462,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
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.
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