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November 15, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Snohomish, Business Loans > First Heritage Bank Snohomish Business Loans > Dairy Queen Loan | ||||
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Small Business Banks for Marysville Business Owners
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Washington Entrepreneur Secures Financing to Buy Dairy Queen FranchiseNeed a loan to buy a Dairy Queen franchise? First Heritage Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Dairy Queen franchise shouldn't be overly burdensome. In 2003, First Heritage Bank issued an SBA franchise loan to an entrepreneur in Marysville, Washington. Because Dairy Queen was registered with the SBA's registry of franchises, this Washington small business loan was issued on an expedited basis. SBA Loan Borrower DAIRY QUEEN SBA Loan Lender FIRST HERITAGE BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 11/10/2003 Loan Approval Gross Amount $98,000 Loan Approval from the SBA Of the total $98,000 loan amount, the SBA guaranteed $83,300. 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 20 employees. The loan application indicated that the loan would help generate 1 new job and retain 21 existing jobs. 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. 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: Advice on Getting a Small Business Loan SBA Participating Banks in Snohomish, Washington
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