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December 22, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > San Jose, Business Loans > Wells Fargo Bank San Jose Business Loans > Dairy Queen Loan | ||||
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Clearwater, Florida Bank for SBA Loans
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Clearwater, FL Entrepreneur Gets SBA Loan to Buy Dairy Queen FranchiseBorrowing money to buy a Dairy Queen franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Clearwater, Florida needed money to invest in a Dairy Queen franchise back in 2005. Wells Fargo Bank issued an SBA franchise loan. Here are the details on this Florida small business loan. SBA Loan Borrower DAIRY QUEEN SBA Loan Lender WELLS FARGO BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 12/14/2005 Loan Approval Gross Amount $251,000 Loan Approval from the SBA Of the total $251,000 loan amount, the SBA guaranteed $188,250. 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 14 employees. The SBA loan documents indicated that the loan would help generate 9 new jobs and retain 14 existing jobs. Getting an SBA Loan For Your Business The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Wells Fargo Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Small Business Banks in San Jose, California
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