New Jersey Entrepreneur Secures Financing to Buy Dunkin Donuts Franchise
Need a loan to buy a Dunkin Donuts franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.
If you live near Bridgewater, New Jersey and are interested in buying a Dunkin Donuts franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by Comerica Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.
SBA Loan Borrower
SKC ENTERPRISES, INC. DBA DUNKIN-DONUTS
Bridgewater, NJ 08807
SBA Loan Lender
COMERICA BANK
1900 W LOOP SOUTH
HOUSTON, TX 77027
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
5/14/2007
Loan Approval Gross Amount
$785,000
Loan Approval from the SBA
Of the total $785,000 loan amount, the SBA guaranteed $588,750.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Dunkin Donuts franchise. At the time of the loan, the company
had 2 employees. The loan application indicated that the loan would help generate 23 new jobs and retain 25 existing jobs.
Next Steps for Getting an SBA Loan
Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.
If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Comerica Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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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Dunkin' Donuts
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Texas SBA 7A Lenders