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May 17, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Boscobel, Business Loans > Community First Bank Boscobel Business Loans > Sauk City Dairy Queen Loan | ||||
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Wisconsin Small Business Funding for Franchises
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Loan to Buy Dairy Queen Franchise Issued By Community First BankNeed a loan to invest in a Dairy Queen franchise? Community First Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Sauk City, Wisconsin needed money to invest in a Dairy Queen franchise back in 2007. Community First Bank issued an SBA franchise loan. Here are the details on this Wisconsin small business loan. SBA Loan Borrower SAUK CITY DAIRY QUEEN SBA Loan Lender COMMUNITY FIRST BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 3/23/2007 Loan Approval Gross Amount $202,500 Loan Approval from the SBA Of the total $202,500 loan amount, the SBA guaranteed $151,875. 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 12 employees. The SBA loan application for the borrower indicated that the loan would help retain 12 existing jobs. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. 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 Community First 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: Role of Business Plan When Raising Money
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