New York, NY Entrepreneur Gets SBA Loan to Buy Dunkin Donuts Franchise
Borrowing money to invest in a Dunkin Donuts franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.
Dunkin Donuts franchise loans are available to New York, New York entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Cit Small Business Lending Corp, based in Livingston, New Jersey, issued an SBA franchise loan for a Dunkin Donuts franchise in 2003. We've got all the details on this New York small business loan.
SBA Loan Borrower
DUNKIN DONUTS BASKIN ROBBINS
NEW YORK, NY 11416
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
7/23/2003
Loan Approval Gross Amount
$354,000
Loan Approval from the SBA
Of the total $354,000 loan amount, the SBA guaranteed $265,500.
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 9 employees. The SBA loan application for the borrower indicated that the loan would help create 9 new jobs.
Next Steps for Getting an SBA Loan
SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Cit Small Business Lending Corp and they will explain how you can get an SBA loan for your company.
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
Borrowing Money from Friends and Family
Small Business Banks in Livingston, New Jersey
Getting an SBA Loan in New Jersey