Loan to Buy Dippin Dots Franchise Issued By Southwest Bank

Need money to buy a Dippin Dots franchise? Southwest Bank has a history of making these loans and they are guaranteed by the SBA.

Dippin Dots franchise loans are available to Odessa, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Southwest Bank, based in Odessa, Texas, issued an SBA franchise loan for a Dippin Dots franchise in 2005. We've got all the details on this Texas small business loan.

SBA Loan Borrower

H & B DOTS LTD
ODESSA, TX 79762

SBA Loan Lender

SOUTHWEST BANK
4800 E 42ND ST
ODESSA, TX 79762

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

9/21/2005

Loan Approval Gross Amount

$179,500

Loan Approval from the SBA

Of the total $179,500 loan amount, the SBA guaranteed $134,625.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Dippin Dots franchise. At the time of the loan, the company had 15 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 15 existing jobs.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Dippin' Dots Franchising, Inc.

VC Firms on Twitter

SBA Approved Banks in Odessa, Texas

Browse All Business Loan Sources for Texas