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May 21, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Lansing, Business Loans > Citizens Bank Lansing Business Loans > Munising Dairy Queen Loan | ||||
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Michigan Small Business Funding for Franchises
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Munising, MI Entrepreneur Gets SBA Loan to Buy Dairy Queen FranchiseNeed a loan to buy a Dairy Queen franchise? Citizens Bank has a history of making these loans and they are guaranteed by the SBA. Dairy Queen franchise loans are available to Munising, Michigan entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Citizens Bank, based in Lansing, Michigan, issued an SBA franchise loan for a Dairy Queen franchise in 2003. We've got all the details on this Michigan small business loan. SBA Loan Borrower MUNISING DAIRY QUEEN SBA Loan Lender CITIZENS BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 11/26/2003 Loan Approval Gross Amount $105,600 Loan Approval from the SBA Of the total $105,600 loan amount, the SBA guaranteed $89,760. 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. This SBA loan request did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. While you may be able to borrow money from friends and family, 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: SBA 7A Banks for Lansing, Michigan Loans
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