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April 28, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Danvers, Business Loans > Danversbank Danvers Business Loans > Carvel Ice Cream Loan | ||||
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Where to Get a Business Loan to Purchase a Franchise
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Saugus, MA Entrepreneur Gets SBA Loan to Buy Carvel Ice Cream FranchiseBorrowing money to buy a Carvel Ice Cream franchise? Danversbank has a history of making these loans and they are guaranteed by the SBA. Carvel Ice Cream franchise loans are available to Saugus, Massachusetts entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Danversbank, based in Danvers, Massachusetts, issued an SBA franchise loan for a Carvel Ice Cream franchise in 2000. We've got all the details on this Massachusetts small business loan. SBA Loan Borrower CARVEL ICE CREAM SBA Loan Lender DANVERSBANK 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. SIC Code 5461 - Retail Bakeries Loan Approval Date 6/22/2000 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $40,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Carvel Ice Cream franchise. At the time of the loan, the company had 20 employees. The SBA loan documents indicated that the loan would help retain 20 existing jobs. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Where to Get an SBA Loan in Danvers, Massachusetts Where to Get an SBA Loan Massachusetts
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