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November 14, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Evansville, Business Loans > First State Bank Evansville Business Loans > North Park Dairy Queen Loan | ||||
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First State Bank Franchise Loans
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Borrow Money to Buy a Dairy Queen FranchiseNeed money to buy a Dairy Queen franchise? First State Bank has a history of making these loans and they are guaranteed by the SBA. Dairy Queen franchise loans are available to Evansville, Indiana entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First State Bank, based in Evansville, Indiana, issued an SBA franchise loan for a Dairy Queen franchise in 2003. We've got all the details on this Indiana small business loan. SBA Loan Borrower NORTH PARK DAIRY QUEEN SBA Loan Lender FIRST STATE BANK This SBA 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 NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 12/5/2003 Loan Approval Gross Amount $240,000 Loan Approval from the SBA Of the total $240,000 loan amount, the SBA guaranteed $180,000. 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 23 employees. The loan application did not indicate that the company promised to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Who Lends Money to Small Businesses in Evansville, Indiana
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