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April 26, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Dripping Springs, Business Loans > Security State Bank & Trust Dripping Springs Business Loans > 3 C Dot Company/dippin Dots Loan | ||||
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Austin, Texas Bank Loan
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Borrow Money to Buy a Dippin Dots FranchiseNeed money to buy a Dippin Dots franchise? Security State Bank & Trust has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Dippin Dots franchise? If so, here's a 2003 SBA franchise loan that you should know about. Security State Bank & Trust was the lender and the entrepreneur was based in Austin, Texas. SBA Loan Borrower 3 C DOT COMPANY/DIPPIN DOTS SBA Loan Lender SECURITY STATE BANK & TRUST 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. NAICS Code 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 5/14/2003 Loan Approval Gross Amount $35,600 Loan Approval from the SBA Of the total $35,600 loan amount, the SBA guaranteed $30,260. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Dippin Dots franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: Dippin' Dots Franchising, Inc. Best Banks for Small Business in Dripping Springs, Texas
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