Palm Springs, FL Entrepreneur Gets SBA Loan to Buy Dunkin Donuts Franchise

Need money to buy a Dunkin Donuts franchise? 1st United Bank has a history of making these loans and they are guaranteed by the SBA.

Dunkin Donuts franchise loans are available to Palm Springs, Florida entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, 1st United Bank, based in Boca Raton, Florida, issued an SBA franchise loan for a Dunkin Donuts franchise in 2006. We've got all the details on this Florida small business loan.

SBA Loan Borrower

DUNKIN DONUTS
PALM SPRINGS, FL 33461

SBA Loan Lender

1ST UNITED BANK
ONE NORTH FEDERAL HWY
BOCA RATON, FL 33432

This lender provides SBA 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

445291 - Baked Goods Stores

Loan Approval Date

8/18/2006

Loan Approval Gross Amount

$358,000

Loan Approval from the SBA

Of the total $358,000 loan amount, the SBA guaranteed $268,500.

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 3 employees. This SBA loan request indicated that the loan would help retain 62 existing jobs.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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

Raising Venture Capital

Good Banks for Small Business in Boca Raton, Florida

Florida SBA Banks