Indiana Bank And Trust Provides SBA Loan to Buy Dairy Queen Franchise

Need money to invest in a Dairy Queen franchise? Indiana Bank And Trust has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Dairy Queen franchise? If so, here's a 2003 SBA franchise loan that you should know about. Indiana Bank And Trust was the lender and the entrepreneur was based in Batesville, Indiana.

SBA Loan Borrower

DAIRY QUEEN - BATESVILLE
BATESVILLE, IN 47006

SBA Loan Lender

INDIANA BANK AND TRUST
3801 TUPELO DR
COLUMBUS, IN 47201

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 commercial loans to to our country's hard-working small business owners.

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

9/5/2003

Loan Approval Gross Amount

$387,300

Loan Approval from the SBA

Of the total $387,300 loan amount, the SBA guaranteed $290,475.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Dairy Queen franchise. At the time of the loan, the company had 30 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Indiana Bank And Trust and they will explain how you can get an SBA loan for your company.

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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