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January 29, 2023  
 
 
  Business Loan Information  
 

I Need Commercial Loans to Buy a Franchise in Forest Hill, Maryland

 

 
Loan Census SBA Loan Info

Borrow Money to Buy a Dairy Queen Franchise

Borrowing money to buy a Dairy Queen franchise? Harford Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Forest Hill, Maryland and are interested in buying a Dairy Queen franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2001 by Harford Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

DAIRY QUEEN
FOREST HILL, MD 21050

SBA Loan Lender

HARFORD BANK
8 W BEL AIR AVE
ABERDEEN, MD 21001

This small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

5/3/2001

Loan Approval Gross Amount

$270,500

Loan Approval from the SBA

Of the total $270,500 loan amount, the SBA guaranteed $202,875.

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 25 employees. This SBA loan request did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This SBA loan was for $270,500. How would you spend $270,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Dairy Queen

Financing Your Business

Small Business Banks in Aberdeen, Maryland

SBA Maryland Banks