Florida Entrepreneur Secures Financing to Buy Cold Stone Creamery Franchise

Need a loan to buy a Cold Stone Creamery franchise? Totalbank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Miami, Florida needed money to invest in a Cold Stone Creamery franchise back in 2004. Totalbank issued an SBA franchise loan. Here are the details on this Florida small business loan.

SBA Loan Borrower

NUTTY BUDDIES CREAMERY, INC.
9370 SW 72 ST, #A-200
MIAMI, FL 33173

SBA Loan Lender

TOTALBANK
2720 CORAL WAY
MIAMI, FL 33145

This 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.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

5/20/2004

Loan Approval Gross Amount

$440,000

Loan Approval from the SBA

Of the total $440,000 loan amount, the SBA guaranteed $330,000.

More Information on This SBA Loan

The borrower, Nutty Buddies Creamery, Inc., borrowed this money for a new business. This loan was used to buy a Cold Stone Creamery franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees. This loan was paid in full, and was closed out on 6/30/2006.

Start the Process for Getting an SBA Loan Today!

If you need money to start a small business or need money to grow a business, an SBA loan can be a great funding source

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Totalbank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

About This SBA Loan Information:

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

Related Links:

Cold Stone Creamery, Inc.

Equity Financing

Banks in Miami, Florida

Where to Get an SBA Loan Florida

If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.