Pelham, NH Entrepreneur Gets SBA Loan to Buy Honey Dew Donuts Franchise

Need money to buy a Honey Dew Donuts franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Pelham, New Hampshire needed money to invest in a Honey Dew Donuts franchise back in 2000. Cit Small Business Lending Corp issued an SBA franchise loan. Here are the details on this New Hampshire small business loan.

SBA Loan Borrower

HONEY DEW DONUTS
PELHAM, NH 03076

SBA Loan Lender

CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039

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.

SIC Code

5461 - Retail Bakeries

Loan Approval Date

3/9/2000

Loan Approval Gross Amount

$619,000

Loan Approval from the SBA

Of the total $619,000 loan amount, the SBA guaranteed $464,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Honey Dew Donuts franchise. At the time of the loan, the company had 25 employees. The SBA loan application for the borrower indicated that the loan would help retain 25 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Cit Small Business Lending Corp and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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