California Entrepreneur Secures Financing to Buy Domino's Pizza Franchise
Need money to purchase a Domino's Pizza franchise? Banco Popular North America 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 overly burdensome. In 2007, Banco Popular North America issued an SBA franchise loan to an entrepreneur in Davis, California. Because Domino's Pizza was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.
SBA Loan Borrower
DOMINO'S PIZZA
DAVIS, CA 95616
SBA Loan Lender
BANCO POPULAR NORTH AMERICA
7 W 51ST ST, BETWEEN 5TH & 6T
NEW YORK CITY, NY 10019
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
12/18/2007
Loan Approval Gross Amount
$362,000
Loan Approval from the SBA
Of the total $362,000 loan amount, the SBA guaranteed $271,500.
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 only one employee. The loan application indicated that the loan would help generate 15 new jobs and retain 1 existing job.
Getting an SBA Loan For Your Business
SBA loans provide smart, affordable business financing for small businesses looking to expand.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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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