Rbs Citizens Provides SBA Loan to Buy Dunkin Donuts Franchise
Borrowing money to buy a Dunkin Donuts franchise? Rbs Citizens has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Dunkin Donuts franchise? If so, here's a 2001 SBA franchise loan that you should know about. Rbs Citizens was the lender and the entrepreneur was based in Rumford, Rhode Island.
SBA Loan Borrower
COPPAGE REALTY HOLDING LLC
RUMFORD, RI 02916
SBA Loan Lender
RBS CITIZENS
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
311811 - Retail Bakeries
Loan Approval Date
9/19/2001
Loan Approval Gross Amount
$720,000
Loan Approval from the SBA
Of the total $720,000 loan amount, the SBA guaranteed $540,000.
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!
Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $720,000 loan. Remember, if it to be, it is up to me!
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
Borrowing Money from Friends and Family
Banks in Providence, Rhode Island
Rhode Island SBA 7A Lenders