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April 19, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Santa Ana, Business Loans > American Security Bank Santa Ana Business Loans > Dairy Queen Loan | ||||
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Where to Get an SBA Loan to Purchase a Franchise
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California Entrepreneur Secures Financing to Buy Dairy Queen FranchiseNeed money to invest in a Dairy Queen franchise? American Security Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Alta Loma, California needed money to invest in a Dairy Queen franchise back in 2000. American Security Bank issued an SBA franchise loan. Here are the details on this California small business loan. SBA Loan Borrower DAIRY QUEEN SBA Loan Lender AMERICAN SECURITY BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 10/20/2000 Loan Approval Gross Amount $256,100 Loan Approval from the SBA Of the total $256,100 loan amount, the SBA guaranteed $192,075. 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 25 employees. The loan application indicated that the loan would help retain 25 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like American Security Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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 Santa Ana, California
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