Borrow Money to Buy a Dunkin Donuts Franchise
Borrowing money to purchase a Dunkin Donuts franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy a Dunkin Donuts franchise shouldn't be overly burdensome. In 2003, Cit Small Business Lending Corp issued an SBA franchise loan to an entrepreneur in Hallandale, Florida. Because Dunkin Donuts was registered with the SBA's registry of franchises, this Florida small business loan was issued on an expedited basis.
SBA Loan Borrower
DUNKIN DONUTS
HALLANDALE, FL 33009
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
10/24/2003
Loan Approval Gross Amount
$623,000
Loan Approval from the SBA
Of the total $623,000 loan amount, the SBA guaranteed $467,250.
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 15 employees. This SBA loan request indicated that the loan would help retain 15 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
We can help you find the best banks for small businesses in Hallandale 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:
Dunkin' Donuts
Business Incubators
Best Banks for Small Business in Livingston, New Jersey
Getting an SBA Loan in New Jersey