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November 21, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Springfield, Business Loans > Marine Bank, Springfield Springfield Business Loans > Petersburg Dairy Queen Loan | ||||
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Banks for Petersburg, Illinois Businesses
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Marine Bank, Springfield Provides SBA Loan to Buy Dairy Queen FranchiseBorrowing money to buy a Dairy Queen franchise? Marine Bank, Springfield has a history of making these loans and they are guaranteed by the SBA. Dairy Queen franchise loans are available to Petersburg, Illinois entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Marine Bank, Springfield, based in Springfield, Illinois, issued an SBA franchise loan for a Dairy Queen franchise in 2001. We've got all the details on this Illinois small business loan. SBA Loan Borrower PETERSBURG DAIRY QUEEN SBA Loan Lender MARINE BANK, SPRINGFIELD SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 9/19/2001 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 22 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Marine Bank, Springfield that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: SBA Banks in Springfield, Illinois
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