Ohio Entrepreneur Secures Financing to Buy Dunkin Donuts Franchise

Need a loan to buy a Dunkin Donuts franchise? Centerbank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Dunkin Donuts franchise may simply require a phone call to a local SBA banker. In 2003, Centerbank issued an SBA franchise loan to an entrepreneur in Cincinnati, Ohio. Because Dunkin Donuts was registered with the SBA's registry of franchises, this Ohio small business loan was issued on an expedited basis.

SBA Loan Borrower

ALL DAY PITA
CINCINNATI, OH 45231

SBA Loan Lender

CENTERBANK
744 STATE RTE 28
MILFORD, OH 45150

This lender issued this loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

12/3/2003

Loan Approval Gross Amount

$109,616

Loan Approval from the SBA

Of the total $109,616 loan amount, the SBA guaranteed $93,174.

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 18 employees. The SBA loan documents did not indicate that the business promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Centerbank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Dunkin' Donuts

Business Credit Evaluation

SBA Participating Banks in Milford, Ohio

SBA Lenders in Ohio