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May 5, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Twin Falls, Business Loans > First Fed. Savings Bank - Twin F Twin Falls Business Loans > Chocolate Chips, Inc. Loan | ||||
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Best Banks for Park City, Utah Business Owners
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Loan to Buy Mrs. Field's Cookies Franchise Issued By First Fed. Savings Bank - Twin FBorrowing money to buy a Mrs. Field's Cookies franchise? First Fed. Savings Bank - Twin F has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Park City, Utah needed money to invest in a Mrs. Field's Cookies franchise back in 2003. First Fed. Savings Bank - Twin F issued an SBA franchise loan. Here are the details on this Utah small business loan. SBA Loan Borrower CHOCOLATE CHIPS, INC. SBA Loan Lender FIRST FED. SAVINGS BANK - TWIN F This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 6/17/2003 Loan Approval Gross Amount $320,000 Loan Approval from the SBA Of the total $320,000 loan amount, the SBA guaranteed $240,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Mrs. Field's Cookies franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. This SBA loan was for $320,000. How would you spend $320,000 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. Related Links: Mrs. Fields Original Cookies, Inc. Family and Friend Investors - Your First Financiers SBA 7A Banks for Twin Falls, Idaho Loans Getting a Business Loan in Idaho
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