Temple, TX Entrepreneur Gets SBA Loan to Buy Dippin Dots Franchise

Need a loan to purchase a Dippin Dots franchise? Extraco Banks has a history of making these loans and they are guaranteed by the SBA.

Dippin Dots franchise loans are available to Temple, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Extraco Banks, based in Temple, Texas, issued an SBA franchise loan for a Dippin Dots franchise in 2000. We've got all the details on this Texas small business loan.

SBA Loan Borrower

DIPPIN DOTS
TEMPLE, TX 76502

SBA Loan Lender

EXTRACO BANKS
18 S MAIN
TEMPLE, TX 76501

This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5499 - Food Stores

Loan Approval Date

8/31/2000

Loan Approval Gross Amount

$110,000

Loan Approval from the SBA

Of the total $110,000 loan amount, the SBA guaranteed $82,500.

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 10 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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.

Business Credit Evaluation

Banks in Temple, Texas

SBA Texas Banks