Minnesota Entrepreneur Secures Financing to Buy Dairy Queen Franchise

Need money to buy a Dairy Queen franchise? Washington Mutual Bank has a history of making these loans and they are guaranteed by the SBA.

Dairy Queen franchise loans are available to Chaska, Minnesota entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Washington Mutual Bank, based in Bedford, Texas, issued an SBA franchise loan for a Dairy Queen franchise in 2000. We've got all the details on this Minnesota small business loan.

SBA Loan Borrower

DAIRY QUEEN OF CHASKA
CHASKA, MN 55318

SBA Loan Lender

WASHINGTON MUTUAL BANK
2901 BROWN TRL
BEDFORD, TX 76021

This 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

Loan Approval Date

1/27/2000

Loan Approval Gross Amount

$267,700

Loan Approval from the SBA

Of the total $267,700 loan amount, the SBA guaranteed $200,775.

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 20 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are working on finding money to start a business in Chaska MN, you ought to talk with a local Chaska SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Chaska businesses.

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 $267,700 loan. Remember, you control your own destiny.

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

Obtaining Funding From a Venture Capitalist

SBA Participating Banks in Bedford, Texas

SBA Lenders in Texas