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November 15, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Oak Harbor, Business Loans > Whidbey Island Bank Oak Harbor Business Loans > Oak Harbor Dairy Queen Loan | ||||
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Oak Harbor, Washington Bank Loan
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Oak Harbor, WA Entrepreneur Gets SBA Loan to Buy Dairy Queen FranchiseNeed money to buy a Dairy Queen franchise? Whidbey Island Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Oak Harbor, Washington needed money to invest in a Dairy Queen franchise back in 2003. Whidbey Island Bank issued an SBA franchise loan. Here are the details on this Washington small business loan. SBA Loan Borrower OAK HARBOR DAIRY QUEEN SBA Loan Lender WHIDBEY ISLAND BANK This SBA loan was underwritten by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a thorough analysis of the loan application and, in return, SBA delivers a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 8/1/2003 Loan Approval Gross Amount $232,000 Loan Approval from the SBA Of the total $232,000 loan amount, the SBA guaranteed $174,000. 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 30 employees. The SBA loan documents did not indicate that the 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! Every year, the SBA guarantees over $10 billion for loans just like this one. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Whidbey Island Bank and they will explain how you can get an SBA loan for your company. 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: Microlending as a Small Business Funding Source Banks in Oak Harbor, Washington
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