Loan Census Banking News and Information
November 15, 2024  
 
 
  Business Loan Information  
 

SBA 7A Banks for Lawrenceburg, Kentucky Business Owners

 

 
Loan Census SBA Loan Info

Borrow Money to Buy a Domino's Pizza Franchise

Borrowing money to purchase a Domino's Pizza franchise? Traditional Bank, Inc. has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Domino's Pizza franchise is doable. In 2001, Traditional Bank, Inc. issued an SBA franchise loan to an entrepreneur in Lawrenceburg, Kentucky. Because Domino's Pizza was registered with the SBA's registry of franchises, this Kentucky small business loan was issued on an expedited basis.

SBA Loan Borrower

DOMINO'S PIZZA
LAWRENCEBURG, KY 40342

SBA Loan Lender

TRADITIONAL BANK, INC.
49 W MAIN ST
MOUNT STERLING, KY 40353

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

11/8/2001

Loan Approval Gross Amount

$140,000

Loan Approval from the SBA

Of the total $140,000 loan amount, the SBA guaranteed $119,000.

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 16 employees. The SBA loan documents did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Traditional Bank, Inc. are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.

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Where to Get an SBA Loan in Mount Sterling, Kentucky

Kentucky SBA 7A Banks