American Federal Bank Dairy Queen SBA Loans in Minnesota — 3 Funded
Minnesota loan data 2007–2011 · Updated May 2026
American Federal Bank has funded 3 SBA loans to Dairy Queen franchisees in Minnesota, totaling $589K in approved financing across 1 city.
The average Dairy Queen loan in Minnesota from American Federal Bank is $196K at a 5.5% average interest rate, with terms averaging 168 months. The Minnesota default rate is 0% based on 3 resolved loans. Minnesota represents 100.0% of American Federal Bank's total Dairy Queen lending nationally. These loans collectively support 66 Minnesota jobs. SBA-guaranteed portion totals $404K (58.3% of approved volume).
Looking to fund a Dairy Queen franchise in Minnesota?
American Federal Bank is one of 11+ lenders who have funded Dairy Queen in Minnesota. We can help you compare options and connect with lenders experienced in this brand and state — no retainers, referral fee at closing.
American Federal Bank Dairy Queen Loan Performance in Minnesota
Based on 3 SBA loans originated by American Federal Bank for Dairy Queen franchisees with Minnesota addresses, the Minnesota-specific lending relationship spans 2007–2011. Of 3 resolved Minnesota loans, 3 were paid in full and 0 resulted in chargeoffs.
The Minnesota loan size range extends from $30K to $439K, indicating American Federal Bank funds both smaller single-unit Dairy Queen operations and larger multi-unit or renovation projects in Minnesota. Each loan supports an average of 22 jobs in the local economy, and the portfolio collectively supports 66 Minnesota jobs. Most Minnesota Dairy Queen loans from American Federal Bank are classified under "Limited-Service Restaurants" (NAICS).
Recent activity: American Federal Bank has originated 0 Dairy Queen Minnesota loans in the last 2 fiscal years. The most recent Dairy Queen Minnesota approval recorded is from FY2011. Note: lack of recent activity may indicate American Federal Bank has paused, slowed, or exited Dairy Queen Minnesota lending — borrowers should verify current appetite directly.
SBA guarantee profile: The SBA-guaranteed portion of American Federal Bank's Dairy Queen Minnesota loans averages 58.3% of approved volume, totaling $404K in federally-backed exposure. 7(a) loans typically carry a 75-85% guarantee, so a higher percentage suggests a smaller-loan/SBA Express mix; lower suggests larger PLP deals where the lender retains more risk.
The 0% Minnesota default rate is a strong indicator of loan quality. This suggestsAmerican Federal Bank has effective underwriting standards for Dairy Queen deals in Minnesota and/or Minnesota Dairy Queen franchisees have strong unit economics that support debt service. For prospective Minnesota borrowers, this is an encouraging signal — American Federal Bankunderstands the Dairy Queen business model in this market and has a track record of successful outcomes here.
SBA Programs Used for Dairy Queen Loans in Minnesota
| Program | Loans | Avg Size | Avg Rate | Avg Term |
|---|---|---|---|---|
| SBA 7A | 3 | $196K | 5.5% | 168 mo |
Dairy Queen Loan Size Distribution from American Federal Bank in Minnesota
How American Federal Bank's Dairy Queen Minnesota loan sizes break down by deal size. Useful for sizing your own deal: where do most Minnesota Dairy Queen approvals land?
| Loan Size Range | Loans | Avg Loan Size | % of Minnesota Loans |
|---|---|---|---|
| Under $150K | 2 | $75K | 67% |
| $350K-$750K | 1 | $439K | 33% |
How American Federal Bank Originates Dairy Queen Loans in Minnesota
SBA delivery method matters: Preferred Lenders Program (PLP) closes 2-3 weeks faster than General Processing because the lender holds full credit authority. American Federal Bank uses 2 different Minnesota delivery methods for Dairy Queen:
| Delivery Method | Loans | Avg Loan Size |
|---|---|---|
| SBA Express Program | 2 | $75K |
| 7a General | 1 | $439K |
Where in Minnesota American Federal Bank Funds Dairy Queen Locations
| City | Loans | Avg Loan Size | Total Volume | Default Rate |
|---|---|---|---|---|
| Fergus Falls | 3 | $196K | $589K | 0% — Low Risk |
American Federal Bank Dairy Queen Lending in Minnesota Over Time
| Year | Loans | Avg Size | Total Volume | Avg Rate |
|---|---|---|---|---|
| 2011 | 1 | $439K | $439K | 5.5% |
| 2008 | 1 | $30K | $30K | — |
| 2007 | 1 | $120K | $120K | — |
Other Lenders That Fund Dairy Queen in Minnesota
American Federal Bank is not the only lender funding Dairy Queen in Minnesota. Compare 10 other banks who have originated Dairy Queen SBA loans to Minnesota borrowers.
| Lender | Minnesota Loans | Avg Size | Default Rate |
|---|---|---|---|
| American Federal Bank (this page) | 3 | $196K | 0% — Low Risk |
| Stearns Bank National Association | 22 | $394K | 0% — Low Risk |
| Minnesota Business Finance Cor | 18 | $436K | 33.3% — High Risk |
| Old National Bank | 8 | $322K | 16.7% — High Risk |
| BMO Bank National Association | 8 | $158K | 0% — Low Risk |
| Wells Fargo Bank National Association | 6 | $353K | 0% — Low Risk |
| U.S. Bank, National Association | 5 | $206K | 0% — Low Risk |
| Readycap Lending, LLC | 5 | $553K | 0% — Low Risk |
| Associated Bank, National Association | 4 | $276K | 0% — Low Risk |
| North American Banking Company | 3 | $317K | 0% — Low Risk |
| Twin Cities-Metro Certified De | 3 | $173K | 0% — Low Risk |
Other Franchises American Federal Bank Funds in Minnesota
American Federal Bank is active in Minnesota franchise lending beyond Dairy Queen. Other Minnesota franchise brands they have funded:
How to Get an SBA Loan for a Dairy Queen Franchise in Minnesota
If you're considering a Dairy Queen franchise in Minnesota and want to finance through American Federal Bank or another SBA lender, here's what you need to know based on our analysis of 3 historical Minnesota loans.
Verify Your Qualifications
Most SBA franchise loans require a 680+ credit score, 20-30% down payment, and relevant industry or management experience.Dairy Queen's franchise fee and total investment determine minimum capital requirements.
Compare Minnesota Lenders
11 lenders have funded Dairy Queen in Minnesota. Lenders with more local Dairy Queen experience typically close faster because they understand both the brand and the local market. Compare rates, default rates, and city coverage above.
Get Pre-Qualified
PeerSense matches Minnesota borrowers with lenders who have a proven track record funding Dairy Queen in your state. No retainers — our referral fee is paid at closing. Get matched in 24 hours.
Expected loan terms based on Minnesota historical data: The average Dairy Queen SBA loan from American Federal Bank in Minnesota is $196K with a 5.5% interest rate and a 168-month term.Minnesota loan amounts range from $30K to $439K.
Ready to Fund Your Dairy Queen Franchise in Minnesota?
We connect you with lenders who have already funded Dairy Queen in Minnesota — so you can compare terms and close with confidence. No retainers. Referral fee paid at closing.