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April 29, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Salt Lake City, Business Loans > Merrill Lynch Bank Usa Salt Lake City Business Loans > R C Jireh Inc Loan | ||||
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Where to Get an SBA Loan to Purchase a Franchise
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Loan to Buy Dairy Queen Franchise Issued By Merrill Lynch Bank UsaNeed money to purchase a Dairy Queen franchise? Merrill Lynch Bank Usa has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Dairy Queen franchise shouldn't be too tough. In 2000, Merrill Lynch Bank Usa issued an SBA franchise loan to an entrepreneur in Glendale, Arizona. Because Dairy Queen was registered with the SBA's registry of franchises, this Arizona small business loan was issued on an expedited basis. SBA Loan Borrower R C JIREH INC SBA Loan Lender MERRILL LYNCH BANK USA Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. 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 10/5/2000 Loan Approval Gross Amount $287,000 Loan Approval from the SBA Of the total $287,000 loan amount, the SBA guaranteed $215,250. 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 4 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 7 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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 SBA Approved Banks in Salt Lake City, Utah
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