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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