Loan to Buy Kohr Bros Frozen Custard Franchise Issued By Dakota Commun Bank

Need a loan to buy a Kohr Bros Frozen Custard franchise? Dakota Commun Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Kohr Bros Frozen Custard franchise? If so, here's a 2000 SBA franchise loan that you should know about. Dakota Commun Bank was the lender and the entrepreneur was based in Phoenix, Arizona.

SBA Loan Borrower

KERSTEN & KERSTEN LLC
PHOENIX, AZ 58032

SBA Loan Lender

DAKOTA COMMUN BANK
609 MAIN ST
HEBRON, ND 58638

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA bank loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2024 - Ice Cream and Frozen Desserts

NAICS Code

445299 - Specialty Food Stores

Loan Approval Date

10/18/2000

Loan Approval Gross Amount

$214,300

Loan Approval from the SBA

Of the total $214,300 loan amount, the SBA guaranteed $160,725.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Kohr Bros Frozen Custard franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Many small businesses receive loans backed by the U.S. Small Business Administration.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Getting a Small Business Loan

Small Bank Loans in Hebron, North Dakota

SBA Lenders in North Dakota