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November 15, 2024  
 
 
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Advice for Borrowing Money to Buy a Franchise

 

 
Loan Census SBA Loan Info

Borrow Money to Buy a Domino's Pizza Franchise

Borrowing money to invest in a Domino's Pizza franchise? Communityone Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Graham, North Carolina 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 2002 by Communityone Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

DOMINOS
GRAHAM, NC 27253

SBA Loan Lender

COMMUNITYONE BANK
1128 S MAIN ST
GRAHAM, NC 27253

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

9/30/2002

Loan Approval Gross Amount

$753,000

Loan Approval from the SBA

Of the total $753,000 loan amount, the SBA guaranteed $376,500.

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

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

We can help you find the best banks for small businesses in Graham or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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

Attracting Investors

Small Bank Loans in Graham, North Carolina

Getting an SBA Loan in North Carolina