Rhode Island Entrepreneur Secures Financing to Buy Dunkin Donuts Franchise

Need a loan to invest in a Dunkin Donuts franchise? Rbs Citizens has a history of making these loans and they are guaranteed by the SBA.

Dunkin Donuts franchise loans are available to Rumford, Rhode Island entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Rbs Citizens, based in Providence, Rhode Island, issued an SBA franchise loan for a Dunkin Donuts franchise in 2001. We've got all the details on this Rhode Island small business loan.

SBA Loan Borrower

COPPAGE MANAGEMENT INC
RUMFORD, RI 02916

SBA Loan Lender

RBS CITIZENS
ONE CITIZENS PLZ
PROVIDENCE, RI 02903

The lender provided this commercial loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

311811 - Retail Bakeries

Loan Approval Date

9/18/2001

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Dunkin Donuts franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 9 new jobs and retain 10 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you want money for new small business in Rumford RI, you ought to talk with a local Rumford SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Rumford 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:

Dunkin' Donuts

Alternative Financing

SBA 7A Lenders in Providence, Rhode Island

Rhode Island SBA 7A Lenders