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April 27, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Birmingham, Business Loans > Compass Bank Birmingham Business Loans > Marble Slab Creamery Loan | ||||
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Business Loans for Lake Worth (lake Worth Village Businesses
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Borrow Money to Buy a Marble Slab Creamery FranchiseNeed money to purchase a Marble Slab Creamery franchise? Compass Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Marble Slab Creamery franchise? If so, here's a 2001 SBA franchise loan that you should know about. Compass Bank was the lender and the entrepreneur was based in Lake Worth (lake Worth Village, Texas. SBA Loan Borrower MARBLE SLAB CREAMERY SBA Loan Lender COMPASS BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 4/27/2001 Loan Approval Gross Amount $163,000 Loan Approval from the SBA Of the total $163,000 loan amount, the SBA guaranteed $122,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Marble Slab Creamery franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 6 new jobs and retain 1 existing job. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. 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 Compass 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: Best Banks for Small Business in Birmingham, Alabama Getting an SBA Loan in Alabama
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