Waterville, ME Entrepreneur Gets SBA Loan to Buy Dairy Queen Franchise

Borrowing money to purchase a Dairy Queen franchise? Merrill Merchants Bank has a history of making these loans and they are guaranteed by the SBA.

Dairy Queen franchise loans are available to Waterville, Maine entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Merrill Merchants Bank, based in Bangor, Maine, issued an SBA franchise loan for a Dairy Queen franchise in 2005. We've got all the details on this Maine small business loan.

SBA Loan Borrower

DAIRY QUEEN
WATERVILLE, ME 04901

SBA Loan Lender

MERRILL MERCHANTS BANK
201 MAIN ST
BANGOR, ME 04401

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

8/26/2005

Loan Approval Gross Amount

$255,000

Loan Approval from the SBA

Of the total $255,000 loan amount, the SBA guaranteed $191,250.

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 19 employees. This SBA loan request indicated that the loan would help generate 19 new jobs and retain 38 existing jobs.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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