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December 18, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Saint Paul, Business Loans > Park Midway Bank Saint Paul Business Loans > Belle Plaine Dairy Queen Loan | ||||
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Good Sources for Belle Plaine SBA Loans
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Belle Plaine, MN Entrepreneur Gets SBA Loan to Buy Dairy Queen FranchiseNeed a loan to invest in a Dairy Queen franchise? Park Midway Bank 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 2004 SBA franchise loan that you should know about. Park Midway Bank was the lender and the entrepreneur was based in Belle Plaine, Minnesota. SBA Loan Borrower BELLE PLAINE DAIRY QUEEN SBA Loan Lender PARK MIDWAY BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 5/27/2004 Loan Approval Gross Amount $637,800 Loan Approval from the SBA Of the total $637,800 loan amount, the SBA guaranteed $478,350. 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 18 employees. This SBA loan request indicated that the loan would help retain 18 existing jobs. Next Steps for Getting an SBA Loan 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. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Banks in Saint Paul, Minnesota
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