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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Dallas, Business Loans > Compass Bank Dallas Business Loans > Dairy Queen/orange Julius Loan | ||||
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Texas Small Business Funding for Franchises
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Borrow Money to Buy a Dairy Queen FranchiseBorrowing money to purchase a Dairy Queen franchise? Compass Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Flower Mound, Texas needed money to invest in a Dairy Queen franchise back in 2004. Compass Bank issued an SBA franchise loan. Here are the details on this Texas small business loan. SBA Loan Borrower DAIRY QUEEN/ORANGE JULIUS SBA Loan Lender COMPASS 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. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 5/12/2004 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 6 employees. The SBA loan documents did not indicate that the company planned to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. We've showcased information on this loan to let you know that businesses like yours 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:
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