Borrow Money to Buy a Dairy Queen Franchise

Borrowing money to purchase a Dairy Queen franchise? Artisans' Bank has a history of making these loans and they are guaranteed by the SBA.

Dairy Queen franchise loans are available to Milford, Delaware entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Artisans' Bank, based in Dover, Delaware, issued an SBA franchise loan for a Dairy Queen franchise in 2002. We've got all the details on this Delaware small business loan.

SBA Loan Borrower

SPRINGHILL DAIRY QUEEN
MILFORD, DE 19963

SBA Loan Lender

ARTISANS' BANK
1555 S GOVERNOR'S AVE
DOVER, DE 19904

This business 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

722110 - Full-Service Restaurants

Loan Approval Date

1/15/2002

Loan Approval Gross Amount

$101,000

Loan Approval from the SBA

Of the total $101,000 loan amount, the SBA guaranteed $85,850.

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 30 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are working on finding money to start a business in Milford DE, you ought to talk with a local Milford SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Milford businesses.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

Dairy Queen

Obtaining Funding - How to Borrow Money

Find an SBA Lender in Dover, Delaware

Find an SBA Lender in Delaware