Smithfield, NC Entrepreneur Gets SBA Loan to Buy Dairy Queen Franchise

Need a loan to buy a Dairy Queen franchise? Four Oaks Bank & Trust Company has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Smithfield, North Carolina needed money to invest in a Dairy Queen franchise back in 2000. Four Oaks Bank & Trust Company issued an SBA franchise loan. Here are the details on this North Carolina small business loan.

SBA Loan Borrower

DAIRY QUEEN
SMITHFIELD, NC 27577

SBA Loan Lender

FOUR OAKS BANK & TRUST COMPANY
128 N 2ND ST
SMITHFIELD, NC 27577

This SBA loan was provided by a lender with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan requests to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5999 - Retail Stores

Loan Approval Date

8/22/2000

Loan Approval Gross Amount

$260,000

Loan Approval from the SBA

Of the total $260,000 loan amount, the SBA guaranteed $143,000.

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 15 employees. The loan application did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

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

If you are working on finding money to start a business in Smithfield NC, you ought to talk with a local Smithfield SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Smithfield businesses.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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.

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SBA Banks in Smithfield, North Carolina

SBA Lenders in North Carolina