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May 10, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Traverse City, Business Loans > Northwestern Bank Traverse City Business Loans > Frozen Sunset LLC Loan | ||||
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Michigan Small Business Funding for Franchises
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Northwestern Bank Provides SBA Loan to Buy Cold Stone Creamery FranchiseNeed money to invest in a Cold Stone Creamery franchise? Northwestern Bank 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 2005 SBA franchise loan that you should know about. Northwestern Bank was the lender and the entrepreneur was based in Hart, Michigan. SBA Loan Borrower FROZEN SUNSET LLC SBA Loan Lender NORTHWESTERN BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 9/9/2005 Loan Approval Gross Amount $314,150 Loan Approval from the SBA Of the total $314,150 loan amount, the SBA guaranteed $157,075. 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 15 employees. The SBA loan documents indicated that the loan would help generate 15 new jobs. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. We can help you find the best banks for small businesses in Hart 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: Banks in Traverse City, Michigan Browse All Business Loan Sources for Michigan
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