Loan to Buy Dairy Queen Franchise Issued By Commerce Bank/harrisburg Natl
Need money to invest in a Dairy Queen franchise? Commerce Bank/harrisburg Natl has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in New Cumberland, Pennsylvania needed money to invest in a Dairy Queen franchise back in 2000. Commerce Bank/harrisburg Natl issued an SBA franchise loan. Here are the details on this Pennsylvania small business loan.
SBA Loan Borrower
NEW CUMBERLAND DAIRY QUEEN INC
NEW CUMBERLAND, PA 17070
SBA Loan Lender
COMMERCE BANK/HARRISBURG NATL
1249 MARKET ST
LEMOYNE, PA 17043
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5812 - Eating Places
Loan Approval Date
5/31/2000
Loan Approval Gross Amount
$235,000
Loan Approval from the SBA
Of the total $235,000 loan amount, the SBA guaranteed $176,250.
More Information on This SBA Loan
The borrower borrowed this money for a new 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 6 new jobs and retain 2 existing jobs.
Start the Process for Getting an SBA Loan Today!
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 funding source
We can help you find the best banks for small businesses in New Cumberland or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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
Understanding Dilution
Where to Get an SBA Loan in Lemoyne, Pennsylvania
Where to Get an SBA Loan Pennsylvania