Loan to Buy Dairy Queen Franchise Issued By Amer Bank
Borrowing money to buy a Dairy Queen franchise? Amer Bank has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Dairy Queen franchise? If so, here's a 2003 SBA franchise loan that you should know about. Amer Bank was the lender and the entrepreneur was based in Port Lavaca, Texas.
SBA Loan Borrower
OPEN G INVESTMENTS
PORT LAVACA, TX 77979
SBA Loan Lender
AMER BANK
711 N CARANCAHUA
CORPUS CHRISTI, TX 78411
This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
11/5/2003
Loan Approval Gross Amount
$181,900
Loan Approval from the SBA
Of the total $181,900 loan amount, the SBA guaranteed $136,425.
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 48 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to hire new 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 business? Maybe you have a business and need capital to get to the next level? 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:
Dairy Queen
Family and Friend Investors - Your First Financiers
SBA 7A Lenders in Corpus Christi, Texas
SBA Participating Banks in Texas