Sun National Bank Provides SBA Loan to Buy Dunkin Donuts Franchise
Borrowing money to purchase a Dunkin Donuts franchise? Sun National Bank has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Dunkin Donuts franchise? If so, here's a 2006 SBA franchise loan that you should know about. Sun National Bank was the lender and the entrepreneur was based in Millville, New Jersey.
SBA Loan Borrower
MILLVILLE BAKERY INC
MILLVILLE, NJ 08332
SBA Loan Lender
SUN NATIONAL BANK
226 LANDIS AVE
VINELAND, NJ 08360
This lender provides SBA guaranteed business 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
722211 - Limited-Service Restaurants
Loan Approval Date
11/16/2006
Loan Approval Gross Amount
$732,000
Loan Approval from the SBA
Of the total $732,000 loan amount, the SBA guaranteed $549,000.
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 only one employee. The loan application indicated that the loan would help generate 7 new jobs and retain 1 existing job.
Great, But How Can I Get an SBA Loan for My Business?
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
We can help you find the best banks for small businesses in Millville 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.
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