Audubon State Bank Provides SBA Loan to Buy Dairy Queen Franchise

Borrowing money to invest in a Dairy Queen franchise? Audubon State Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Audubon, Iowa and are interested in buying a Dairy Queen franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by Audubon State Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

AUDOBON DAIRY QUEEN
AUDUBON, IA 50025

SBA Loan Lender

AUDUBON STATE BANK
315 BROADWAY ST
AUDUBON, IA 50025

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide 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

722110 - Full-Service Restaurants

Loan Approval Date

7/12/2007

Loan Approval Gross Amount

$85,200

Loan Approval from the SBA

Of the total $85,200 loan amount, the SBA guaranteed $72,420.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Dairy Queen franchise. At the time of the loan, the company had 12 employees. This SBA loan request indicated that the loan would help create 12 new jobs.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

We can help you find the best banks for small businesses in Audubon or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Dairy Queen

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SBA 7A Banks for Audubon, Iowa Loans

Getting a Business Loan in Iowa