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April 27, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Statesboro, Business Loans > Sea Island Bank Statesboro Business Loans > Carvel Ice Cream Loan | ||||
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Where to Get a Business Loan to Purchase a Franchise
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Sea Island Bank Provides SBA Loan to Buy Carvel Ice Cream FranchiseNeed a loan to buy a Carvel Ice Cream franchise? Sea Island Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Carvel Ice Cream franchise shouldn't be overly burdensome. In 2003, Sea Island Bank issued an SBA franchise loan to an entrepreneur in Statesboro, Georgia. Because Carvel Ice Cream was registered with the SBA's registry of franchises, this Georgia small business loan was issued on an expedited basis. SBA Loan Borrower CARVEL ICE CREAM SBA Loan Lender SEA ISLAND BANK This SBA bank loan 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 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 9/30/2003 Loan Approval Gross Amount $235,710 Loan Approval from the SBA Of the total $235,710 loan amount, the SBA guaranteed $176,783. 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 4 employees. The SBA loan documents did not indicate that the business promised to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Sea Island Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Determining Proper Capital Structure for a Business Who Lends Money to Small Businesses in Statesboro, Georgia
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