Loan to Buy Dairy Queen Franchise Issued By Audubon State Bank

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

An entrepreneur in Audubon, Iowa needed money to invest in a Dairy Queen franchise back in 2006. Audubon State Bank issued an SBA franchise loan. Here are the details on this Iowa small business loan.

SBA Loan Borrower

AUDUBON DAIRY QUEEN
AUDUBON, IA 50025

SBA Loan Lender

AUDUBON STATE BANK
315 BROADWAY ST
AUDUBON, IA 50025

This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

9/8/2006

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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. The SBA loan documents indicated that the loan would help retain 12 existing jobs.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $150,000 loan. Remember, feel the fear, and do it anyway.

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.

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Who Lends Money to Small Businesses in Audubon, Iowa

Iowa SBA Banks