North Carolina Entrepreneur Secures Financing to Buy Dunkin Donuts Franchise

Borrowing money to invest in a Dunkin Donuts franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Raleigh, North Carolina needed money to invest in a Dunkin Donuts franchise back in 2005. Banco Popular North America issued an SBA franchise loan. Here are the details on this North Carolina small business loan.

SBA Loan Borrower

DUNKIN DONUTS/BASKIN ROBBINS
RALEIGH, NC 27607

SBA Loan Lender

BANCO POPULAR NORTH AMERICA
7 W 51ST ST, BETWEEN 5TH & 6T
NEW YORK CITY, NY 10019

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

9/27/2005

Loan Approval Gross Amount

$578,000

Loan Approval from the SBA

Of the total $578,000 loan amount, the SBA guaranteed $433,500.

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 2 employees. The loan application indicated that the loan would help create 25 new jobs.

Getting an SBA Loan For Your Business

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.

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.

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