Loan to Buy Dippin Dots Franchise Issued By Austin Bank Texas

Need a loan to invest in a Dippin Dots franchise? Austin Bank Texas has a history of making these loans and they are guaranteed by the SBA.

Dippin Dots franchise loans are available to White Oak, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Austin Bank Texas, based in Longview, Texas, issued an SBA franchise loan for a Dippin Dots franchise in 2002. We've got all the details on this Texas small business loan.

SBA Loan Borrower

SHELL-WEE DOTS/DIPPIN'DOTS
WHITE OAK, TX 75693

SBA Loan Lender

AUSTIN BANK TEXAS
3400 W MARSHALL AVE
LONGVIEW, TX 75604

This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445299 - Specialty Food Stores

Loan Approval Date

1/17/2002

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Dippin Dots franchise. At the time of the loan, the company had 8 employees. This SBA loan request did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

We can help you find the best banks for small businesses in White Oak or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Dippin' Dots Franchising, Inc.

Famous Venture Capitalists

Best Banks for Small Business in Longview, Texas

SBA Lenders in Texas