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November 15, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Newtown, Business Loans > Newtown Savings Bank Newtown Business Loans > Dairy Queen Of Monroe Loan | ||||
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Advice for Borrowing Money to Buy a Franchise
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Newtown Savings Bank Provides SBA Loan to Buy Dairy Queen FranchiseNeed money to purchase a Dairy Queen franchise? Newtown Savings Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Monroe (stepney), Connecticut needed money to invest in a Dairy Queen franchise back in 2006. Newtown Savings Bank issued an SBA franchise loan. Here are the details on this Connecticut small business loan. SBA Loan Borrower DAIRY QUEEN OF MONROE SBA Loan Lender NEWTOWN SAVINGS BANK The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 6/15/2006 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $175,000. 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 2 employees. The loan application indicated that the loan would help generate 10 new jobs and retain 12 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great way to raise money 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: Where to Get an SBA Loan in Newtown, Connecticut Getting an SBA Loan in Connecticut
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