Wilmington Trust Company Provides SBA Loan to Buy Dunkin Donuts Franchise
Need a loan to invest in a Dunkin Donuts franchise? Wilmington Trust Company has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Newark, Delaware needed money to invest in a Dunkin Donuts franchise back in 2003. Wilmington Trust Company issued an SBA franchise loan. Here are the details on this Delaware small business loan.
SBA Loan Borrower
DUNKIN DONUTS
NEWARK, DE 19713
SBA Loan Lender
WILMINGTON TRUST COMPANY
1100 N MARKET ST, RODNEY SQ N
WILMINGTON, DE 19890
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
722211 - Limited-Service Restaurants
Loan Approval Date
9/26/2003
Loan Approval Gross Amount
$588,000
Loan Approval from the SBA
Of the total $588,000 loan amount, the SBA guaranteed $441,000.
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 3 employees. This SBA loan request indicated that the funding would help generate 9 new jobs.
Next Steps for Getting an SBA Loan
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.
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
Determining Proper Capital Structure for a Business
SBA 7A Banks in Wilmington, Delaware
Getting an SBA Loan in Delaware