Minnesota Entrepreneur Secures Financing to Buy Domino's Pizza Franchise

Need a loan to invest in a Domino's Pizza franchise? First Security Bank-Sleepy Eye has a history of making these loans and they are guaranteed by the SBA.

If you live near Detroit Lakes, Minnesota and are interested in buying a Domino's Pizza franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by First Security Bank-Sleepy Eye. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

DOMINO'S PIZZA
DETROIT LAKES, MN 56501

SBA Loan Lender

FIRST SECURITY BANK-SLEEPY EYE
611 SUMMIT AVE
DETROIT LAKES, MN 56501

This lender issued this bank loan under the SBA's 7(a) guaranteed loan 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.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

10/6/2005

Loan Approval Gross Amount

$76,000

Loan Approval from the SBA

Of the total $76,000 loan amount, the SBA guaranteed $64,600.

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 14 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide money to small business owners for working capital for other expenses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like First Security Bank-Sleepy Eye 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.

Related Links:

Domino's Pizza

The Friends and Family Network

Good Banks for Small Business in Detroit Lakes, Minnesota

SBA Lenders in Minnesota