Five Star Bank Provides SBA Loan to Buy Dunkin Donuts Franchise

Borrowing money to invest in a Dunkin Donuts franchise? Five Star Bank has a history of making these loans and they are guaranteed by the SBA.

Dunkin Donuts franchise loans are available to Geneva, New York entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Five Star Bank, based in Geneva, New York, issued an SBA franchise loan for a Dunkin Donuts franchise in 2000. We've got all the details on this New York small business loan.

SBA Loan Borrower

SHRI VASUDEV ENTERPRISES, INC.
GENEVA, NY 14456

SBA Loan Lender

FIVE STAR BANK
2 SENECA ST
GENEVA, NY 14456

This commercial 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.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

4/13/2000

Loan Approval Gross Amount

$165,000

Loan Approval from the SBA

Of the total $165,000 loan amount, the SBA guaranteed $123,750.

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 11 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.

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

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer 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:

Dunkin' Donuts

Obtaining Funding - How to Decide How Much to Raise

Banks in Geneva, New York

New York SBA 7A Lenders