Borrow Money to Buy a Domino's Pizza Franchise
Borrowing money to purchase a Domino's Pizza franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy a Domino's Pizza franchise shouldn't be too tough. In 2003, Cit Small Business Lending Corp issued an SBA franchise loan to an entrepreneur in Austin, Texas. Because Domino's Pizza was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.
SBA Loan Borrower
DOMINO'S PIZZA
AUSTIN, TX 78748
SBA Loan Lender
CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039
This lender provides SBA debt financing 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
1/23/2003
Loan Approval Gross Amount
$212,000
Loan Approval from the SBA
Of the total $212,000 loan amount, the SBA guaranteed $159,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Domino's Pizza franchise. At the time of the loan, the company
had 15 employees. The SBA loan documents indicated that the loan would help generate 15 new jobs.
Next Steps for Getting an SBA Loan
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Cit Small Business Lending Corp are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.
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:
Domino's Pizza
Alternative Financing
Best Banks for Small Business in Livingston, New Jersey
Getting an SBA Loan in New Jersey