New Port Richey, FL Entrepreneur Gets SBA Loan to Buy Dairy Queen Franchise
Borrowing money to invest in a Dairy Queen franchise? Synovus Bank Of Tampa Bay has a history of making these loans and they are guaranteed by the SBA.
If you live near New Port Richey, Florida and are interested in buying a Dairy Queen franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by Synovus Bank Of Tampa Bay. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.
SBA Loan Borrower
PASCO EATERIES OF NEW PORT RIC
NEW PORT RICHEY, FL 34653
SBA Loan Lender
SYNOVUS BANK OF TAMPA BAY
12450 ROOSEVELT BLVD
SAINT PETERSBURG, FL 33761
This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
3/13/2007
Loan Approval Gross Amount
$1,453,000
Loan Approval from the SBA
Of the total $1,453,000 loan amount, the SBA guaranteed $1,089,750.
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 8 employees. This SBA loan request indicated that the loan would help generate 17 new jobs and retain 8 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
This SBA loan was for $1,453,000. How would you spend $1,453,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
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 Decide How Much to Raise
SBA Approved Banks in Saint Petersburg, Florida
Florida SBA Bank Lenders