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November 21, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > North Plainfield, Business Loans > Valley National Bank North Plainfield Business Loans > Dairy Queen Loan | ||||
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Valley National Bank Franchise Loans
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Philadelphia, PA Entrepreneur Gets SBA Loan to Buy Dairy Queen FranchiseNeed money to purchase a Dairy Queen franchise? Valley National Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Dairy Queen franchise is doable. In 2001, Valley National Bank issued an SBA franchise loan to an entrepreneur in Philadelphia, Pennsylvania. Because Dairy Queen was registered with the SBA's registry of franchises, this Pennsylvania small business loan was issued on an expedited basis. SBA Loan Borrower DAIRY QUEEN SBA Loan Lender VALLEY NATIONAL BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445299 - Specialty Food Stores Loan Approval Date 3/2/2001 Loan Approval Gross Amount $280,500 Loan Approval from the SBA Of the total $280,500 loan amount, the SBA guaranteed $210,375. 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 SBA loan application for the borrower indicated that the loan would help generate 10 new jobs and retain 2 existing jobs. Getting an SBA Loan For Your 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 $280,500. How would you spend $280,500 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: Obtaining Funding - How to Decide How Much to Raise Banks in North Plainfield, New Jersey
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