Loan to Buy Domino's Pizza Franchise Issued By Independence Bank

Borrowing money to invest in a Domino's Pizza franchise? Independence Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Domino's Pizza franchise may simply require a phone call to a local SBA banker. In 2005, Independence Bank issued an SBA franchise loan to an entrepreneur in Santa Cruz, California. Because Domino's Pizza was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.

SBA Loan Borrower

DOMINO'S PIZZA
SANTA CRUZ, CA 95060

SBA Loan Lender

INDEPENDENCE BANK
1370 S COUNTY TRL
EAST GREENWICH, RI 02818

This lender issued this particular SBA business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

7/27/2005

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Domino's Pizza franchise. At the time of the loan, the company had 24 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

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

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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.

Related Links:

Domino's Pizza

A Company That Helps Entrepreneurs

Best Banks in East Greenwich, Rhode Island

Rhode Island SBA Banks