Louisiana Entrepreneur Secures Financing to Buy Dippin Dots Franchise

Need a loan to buy a Dippin Dots franchise? Midsouth Bank has a history of making these loans and they are guaranteed by the SBA.

Dippin Dots franchise loans are available to Lafayette, Louisiana entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Midsouth Bank, based in Lafayette, Louisiana, issued an SBA franchise loan for a Dippin Dots franchise in 2001. We've got all the details on this Louisiana small business loan.

SBA Loan Borrower

DIPPIN' DOTS
LAFAYETTE, LA 70508

SBA Loan Lender

MIDSOUTH BANK
3730 AMBASSADOR CAFFERY PKWY
LAFAYETTE, LA 70503

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311520 - Ice Cream and Frozen Dessert Manufacturing

Loan Approval Date

3/21/2001

Loan Approval Gross Amount

$73,900

Loan Approval from the SBA

Of the total $73,900 loan amount, the SBA guaranteed $62,815.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Dippin Dots franchise. At the time of the loan, the company had 12 employees. The loan application did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Midsouth 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:

Dippin' Dots Franchising, Inc.

Business Incubators

Who Lends Money to Small Businesses in Lafayette, Louisiana

Louisiana SBA 7A Banks