Texas Entrepreneur Secures Financing to Buy Rocky Mountain Chocolate Factory Franchise

Borrowing money to buy a Rocky Mountain Chocolate Factory franchise? American Bank Of Commerce has a history of making these loans and they are guaranteed by the SBA.

If you live near Austin, Texas and are interested in buying a Rocky Mountain Chocolate Factory franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by American Bank Of Commerce. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

ROCKY MOUNTAIN CHOCOLATE FACTO
11200 LAKELINE MALL DRIVE
AUSTIN, TX 78613

SBA Loan Lender

AMERICAN BANK OF COMMERCE
W 82ND ST AND US HWY 62/82
WOLFFORTH, TX 79382

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445292 - Confectionery and Nut Stores

Loan Approval Date

6/20/2006

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

More Information on This SBA Loan

The borrower, Rocky Mountain Chocolate Facto, borrowed this money for an existing business. This loan was used to buy a Rocky Mountain Chocolate Factory franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. Rocky Mountain Chocolate Facto needed a loan. American Bank Of Commerce probably wouldn't have granted the loan based on the merits of the company, but with the SBA stepping up and agreeing to guarantee part of the loan, American Bank Of Commerce made the loan. The end result was that Rocky Mountain Chocolate Facto was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

Rocky Mountain Chocolate Factory

Attracting Investors

SBA Participating Banks in Wolfforth, Texas

Where to Get an SBA Loan Texas

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