Susquehanna Bank Dv Provides SBA Loan to Buy Dunkin Donuts Franchise

Need money to purchase a Dunkin Donuts franchise? Susquehanna Bank Dv has a history of making these loans and they are guaranteed by the SBA.

Dunkin Donuts franchise loans are available to Elkins Park, Pennsylvania entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Susquehanna Bank Dv, based in Pottstown, Pennsylvania, issued an SBA franchise loan for a Dunkin Donuts franchise in 2002. We've got all the details on this Pennsylvania small business loan.

SBA Loan Borrower

DUNKIN DONUTS
ELKINS PARK, PA 19027

SBA Loan Lender

SUSQUEHANNA BANK DV
HIGH & HANOVER STS
POTTSTOWN, PA 19464

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

3/29/2002

Loan Approval Gross Amount

$570,000

Loan Approval from the SBA

Of the total $570,000 loan amount, the SBA guaranteed $427,500.

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 7 employees. The loan application did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.

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.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Susquehanna Bank Dv 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

Strategic Investors

SBA Approved Banks in Pottstown, Pennsylvania

Where to Get an SBA Loan Pennsylvania