Borrow Money to Buy a Dunkin Donuts Franchise

Need a loan to purchase a Dunkin Donuts franchise? Bangor Savings Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Bucksport, Maine needed money to invest in a Dunkin Donuts franchise back in 2000. Bangor Savings Bank issued an SBA franchise loan. Here are the details on this Maine small business loan.

SBA Loan Borrower

DUNKIN DONUTS
BUCKSPORT, ME 04416

SBA Loan Lender

BANGOR SAVINGS BANK
59 FOSTER ST
ELLSWORTH, ME 04605

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

1/21/2000

Loan Approval Gross Amount

$135,000

Loan Approval from the SBA

Of the total $135,000 loan amount, the SBA guaranteed $101,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Dunkin Donuts franchise. At the time of the loan, the company had 18 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start business in Bucksport ME, you ought to talk with a local Bucksport SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Bucksport businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Bangor Savings Bank 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.

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