1st National Bank - Anthony Provides SBA Loan to Buy Dairy Queen Franchise

Need money to buy a Dairy Queen franchise? 1st National Bank - Anthony has a history of making these loans and they are guaranteed by the SBA.

Dairy Queen franchise loans are available to Derby, Kansas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, 1st National Bank - Anthony, based in Wichita, Kansas, issued an SBA franchise loan for a Dairy Queen franchise in 2001. We've got all the details on this Kansas small business loan.

SBA Loan Borrower

DAIRY QUEEN
DERBY, KS 67037

SBA Loan Lender

1ST NATIONAL BANK - ANTHONY
10111 W 21ST NORTH
WICHITA, KS 67205

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

9/27/2001

Loan Approval Gross Amount

$97,000

Loan Approval from the SBA

Of the total $97,000 loan amount, the SBA guaranteed $82,450.

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 15 employees. The loan application did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into 1st National Bank - Anthony and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

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SBA Banks in Wichita, Kansas

Kansas SBA 7A Lenders