New York Entrepreneur Secures Financing to Buy Dunkin Donuts Franchise

Need money to buy a Dunkin Donuts franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.

Dunkin Donuts franchise loans are available to Franklin Square, New York entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Cit Small Business Lending Corp, based in Livingston, New Jersey, issued an SBA franchise loan for a Dunkin Donuts franchise in 2007. We've got all the details on this New York small business loan.

SBA Loan Borrower

DUNKIN DONUTS
FRANKLIN SQUARE, NY 11010

SBA Loan Lender

CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311811 - Retail Bakeries

Loan Approval Date

7/23/2007

Loan Approval Gross Amount

$807,300

Loan Approval from the SBA

Of the total $807,300 loan amount, the SBA guaranteed $605,475.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Dunkin Donuts franchise. At the time of the loan, the company had 25 employees. The SBA loan documents indicated that the loan would help create 25 new jobs.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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

Obtaining Funding From a Venture Capitalist

SBA Approved Banks in Livingston, New Jersey

Getting an SBA Loan in New Jersey