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May 7, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Salt Lake City, Business Loans > Community First National Bank Salt Lake City Business Loans > Dairy Queen Brazier Loan | ||||
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Battle Lake, Minnesota Bank for SBA Loans
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Borrow Money to Buy a Dairy Queen FranchiseNeed money to purchase a Dairy Queen franchise? Community First National Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Battle Lake, Minnesota needed money to invest in a Dairy Queen franchise back in 2003. Community First National Bank issued an SBA franchise loan. Here are the details on this Minnesota small business loan. SBA Loan Borrower DAIRY QUEEN BRAZIER SBA Loan Lender COMMUNITY FIRST NATIONAL BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide commercial loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 7/14/2003 Loan Approval Gross Amount $108,000 Loan Approval from the SBA Of the total $108,000 loan amount, the SBA guaranteed $91,800. 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 18 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. We've showcased information on this loan to let you know that businesses like yours 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. Related Links: Obtaining Funding - Friends and Family Small Business Banks in Salt Lake City, Utah
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