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May 16, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Lakeland, Business Loans > Wachovia Bank Lakeland Business Loans > Dairy Queen Loan | ||||
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SBA 7A Banks for Dundee, Florida Business Owners
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Florida Entrepreneur Secures Financing to Buy Dairy Queen FranchiseBorrowing money to buy a Dairy Queen franchise? Wachovia Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Dundee, Florida needed money to invest in a Dairy Queen franchise back in 2001. Wachovia Bank issued an SBA franchise loan. Here are the details on this Florida small business loan. SBA Loan Borrower DAIRY QUEEN SBA Loan Lender WACHOVIA BANK This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 11/30/2001 Loan Approval Gross Amount $105,000 Loan Approval from the SBA Of the total $105,000 loan amount, the SBA guaranteed $89,250. 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 18 employees. The loan application did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $105,000 loan. Remember, if it to be, it is up to me! 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: Find an SBA Lender in Lakeland, Florida
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