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December 18, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Granbury, Business Loans > Community Bank Granbury Business Loans > Domino's Pizza Loan | ||||
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I Need Commercial Loans to Buy a Franchise in Cleburne, Texas
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Borrow Money to Buy a Domino's Pizza FranchiseBorrowing money to purchase a Domino's Pizza franchise? Community Bank has a history of making these loans and they are guaranteed by the SBA. Domino's Pizza franchise loans are available to Cleburne, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Community Bank, based in Granbury, Texas, issued an SBA franchise loan for a Domino's Pizza franchise in 2007. We've got all the details on this Texas small business loan. SBA Loan Borrower DOMINO'S PIZZA SBA Loan Lender COMMUNITY BANK When it made this small business loan, this lending institution was part of the SBA's Certified Lenders Program (CLP). This program is designed to offer quick service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 3/26/2007 Loan Approval Gross Amount $383,000 Loan Approval from the SBA Of the total $383,000 loan amount, the SBA guaranteed $287,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Domino's Pizza franchise. At the time of the loan, the company had 195 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Obtaining Funding From a Venture Capitalist SBA 7A Lenders in Granbury, Texas
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