Wyoming Entrepreneur Secures Financing to Buy Dairy Queen Franchise

Borrowing money to invest in a Dairy Queen franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Cheyenne, Wyoming needed money to invest in a Dairy Queen franchise back in 2007. Banco Popular North America issued an SBA franchise loan. Here are the details on this Wyoming small business loan.

SBA Loan Borrower

DAIRY QUEEN
CHEYENNE, WY 82009

SBA Loan Lender

BANCO POPULAR NORTH AMERICA
7 W 51ST ST, BETWEEN 5TH & 6T
NEW YORK CITY, NY 10019

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

722211 - Limited-Service Restaurants

Loan Approval Date

1/11/2007

Loan Approval Gross Amount

$394,500

Loan Approval from the SBA

Of the total $394,500 loan amount, the SBA guaranteed $295,875.

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 2 employees. This SBA loan request indicated that the loan would help generate 18 new jobs and retain 20 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

We can help you find the best banks for small businesses in Cheyenne 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

Direct Public Offerings

SBA Approved Banks in New York City, New York

SBA New York Lenders