Defiance, OH Entrepreneur Gets SBA Loan to Buy Dairy Queen Franchise

Need money to purchase a Dairy Queen franchise? St. Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Defiance, Ohio needed money to invest in a Dairy Queen franchise back in 2008. St. Bank & Trust issued an SBA franchise loan. Here are the details on this Ohio small business loan.

SBA Loan Borrower

DAIRY QUEEN
DEFIANCE, OH 43512

SBA Loan Lender

ST. BANK & TRUST
401 CLINTON ST
DEFIANCE, OH 43512

This bank 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.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

1/11/2008

Loan Approval Gross Amount

$198,200

Loan Approval from the SBA

Of the total $198,200 loan amount, the SBA guaranteed $148,650.

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 25 employees. The loan application indicated that the loan would help retain 25 existing jobs.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. St. Bank & Trust had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, St. Bank & Trust made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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

Choosing VC Firms

Where to Get an SBA Loan in Defiance, Ohio

SBA Ohio Lenders