Loan to Buy Dairy Queen Franchise Issued By Wachovia Sba Lending, Inc.

Borrowing money to buy a Dairy Queen franchise? Wachovia Sba Lending, Inc. has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Dairy Queen franchise is doable. In 2007, Wachovia Sba Lending, Inc. issued an SBA franchise loan to an entrepreneur in Newport News, Virginia. Because Dairy Queen was registered with the SBA's registry of franchises, this Virginia small business loan was issued on an expedited basis.

SBA Loan Borrower

DAIRY QUEEN J.CLYDE
754 J CLYDE MORRIS BLVD
NEWPORT NEWS, VA 23601

SBA Loan Lender

WACHOVIA SBA LENDING, INC.
1620 E. ROSEVILLE PKWY, STE 1
ROSEVILLE, CA 95661

This lender provides SBA guaranteed bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

1/4/2007

Loan Approval Gross Amount

$715,000

Loan Approval from the SBA

Of the total $715,000 loan amount, the SBA guaranteed $536,250.

More Information on This SBA Loan

The borrower, Dairy Queen J.Clyde, 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 9 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 6 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Wachovia Sba Lending, Inc. and they will explain how you can get an SBA loan for your company.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

Dairy Queen

Getting a Small Business Loan

Best Roseville, California Banks for Small Business

California SBA 7A Banks

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