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April 29, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Chicago, Business Loans > Lasalle Bank Chicago Business Loans > Dairy Queen Loan | ||||
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Business Loans for Highland Park Businesses
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Loan to Buy Dairy Queen Franchise Issued By Lasalle BankNeed a loan to purchase a Dairy Queen franchise? Lasalle Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Highland Park, Illinois needed money to invest in a Dairy Queen franchise back in 2000. Lasalle Bank issued an SBA franchise loan. Here are the details on this Illinois small business loan. SBA Loan Borrower DAIRY QUEEN SBA Loan Lender LASALLE BANK This lender processed this SBA bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. SIC Code 5812 - Eating Places Loan Approval Date 8/25/2000 Loan Approval Gross Amount $133,600 Loan Approval from the SBA Of the total $133,600 loan amount, the SBA guaranteed $66,800. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Dairy Queen franchise. At the time of the loan, the company had 10 employees. The SBA loan documents indicated that the loan would help generate 10 new jobs and retain 20 existing jobs. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Lasalle Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: SBA 7A Lenders in Chicago, Illinois Where to Get an SBA Loan Illinois
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