Lake Worth, FL Entrepreneur Gets SBA Loan to Buy Dunkin Donuts Franchise
Borrowing money to buy a Dunkin Donuts franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Lake Worth, Florida needed money to invest in a Dunkin Donuts franchise back in 2002. Comerica Bank issued an SBA franchise loan. Here are the details on this Florida small business loan.
SBA Loan Borrower
DUNKIN DONUTS
LAKE WORTH, FL 33461
SBA Loan Lender
COMERICA BANK
1717 MAIN
DALLAS, TX 75201
This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
445291 - Baked Goods Stores
Loan Approval Date
11/8/2002
Loan Approval Gross Amount
$499,000
Loan Approval from the SBA
Of the total $499,000 loan amount, the SBA guaranteed $374,250.
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 18 employees. The SBA loan application for the borrower indicated that the loan would help generate 27 new jobs and retain 18 existing jobs.
Start the Process for Getting an SBA Loan Today!
Remember, you 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.
This SBA loan was for $499,000. How would you spend $499,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
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.
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