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November 15, 2024 |
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| Home > Small Business Lenders by State > South Dakota Business Loan Sources > Sioux Falls, Business Loans > Great Western Bank Sioux Falls Business Loans > Dairy Queen Loan | ||||
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How Much Does It Cost to Buy a Franchise in Sioux Falls, South Dakota?
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Great Western Bank Provides SBA Loan to Buy Dairy Queen FranchiseNeed a loan to invest in a Dairy Queen franchise? Great Western Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Sioux Falls, South Dakota needed money to invest in a Dairy Queen franchise back in 2002. Great Western Bank issued an SBA franchise loan. Here are the details on this South Dakota small business loan. SBA Loan Borrower DAIRY QUEEN SBA Loan Lender GREAT WESTERN BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business 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 7/24/2002 Loan Approval Gross Amount $540,000 Loan Approval from the SBA Of the total $540,000 loan amount, the SBA guaranteed $405,000. 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 11 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you need money to start a business or need money for an existing business, an SBA loan can be a great way to raise money The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Great Western Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Great Western Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Where to Get an SBA Loan in Sioux Falls, South Dakota
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