Pineville, LA Entrepreneur Gets SBA Loan to Buy Daylight Donut Shop Franchise

Borrowing money to purchase a Daylight Donut Shop franchise? Capital One has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Daylight Donut Shop franchise shouldn't be too tough. In 2000, Capital One issued an SBA franchise loan to an entrepreneur in Pineville, Louisiana. Because Daylight Donut Shop was registered with the SBA's registry of franchises, this Louisiana small business loan was issued on an expedited basis.

SBA Loan Borrower

THE BATTER'S BOX
PINEVILLE, LA 71360

SBA Loan Lender

CAPITAL ONE
934 THIRD ST
ALEXANDRIA, LA 71301

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5461 - Retail Bakeries

Loan Approval Date

1/26/2000

Loan Approval Gross Amount

$94,000

Loan Approval from the SBA

Of the total $94,000 loan amount, the SBA guaranteed $75,200.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Daylight Donut Shop franchise. At the time of the loan, the company had 3 employees. The loan application did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

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:

Bank Credit Lines

SBA Approved Banks in Alexandria, Louisiana

SBA Lenders in Louisiana