Raleigh, NC Entrepreneur Gets SBA Loan to Buy Ben & Jerry's Ice Cream Franchise

Borrowing money to purchase a Ben & Jerry's Ice Cream franchise? Stearns Bank Holdingford National As has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Raleigh, North Carolina needed money to invest in a Ben & Jerry's Ice Cream franchise back in 2004. Stearns Bank Holdingford National As issued an SBA franchise loan. Here are the details on this North Carolina small business loan.

SBA Loan Borrower

BEN & JERRY'S
RALEIGH, NC 27615

SBA Loan Lender

STEARNS BANK HOLDINGFORD NATIONAL AS
580 MAIN ST
HOLDINGFORD, MN 56340

This lender issued this loan for a small business under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

8/18/2004

Loan Approval Gross Amount

$352,600

Loan Approval from the SBA

Of the total $352,600 loan amount, the SBA guaranteed $264,450.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Ben & Jerry's Ice Cream franchise. At the time of the loan, the company had 22 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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