Chittenden Trust Company Provides SBA Loan to Buy Dunkin Donuts Franchise

Borrowing money to invest in a Dunkin Donuts franchise? Chittenden Trust Company has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Dunkin Donuts franchise may simply require a phone call to a local SBA banker. In 2002, Chittenden Trust Company issued an SBA franchise loan to an entrepreneur in South Burlington, Vermont. Because Dunkin Donuts was registered with the SBA's registry of franchises, this Vermont small business loan was issued on an expedited basis.

SBA Loan Borrower

DUNKIN DONUTS
SOUTH BURLINGTON, VT 05403

SBA Loan Lender

CHITTENDEN TRUST COMPANY
TWO BURLINGTON SQUARE
BURLINGTON, VT 05401

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445291 - Baked Goods Stores

Loan Approval Date

6/24/2002

Loan Approval Gross Amount

$1,100,000

Loan Approval from the SBA

Of the total $1,100,000 loan amount, the SBA guaranteed $825,000.

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 26 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 24 existing jobs.

Next Steps for Getting an SBA Loan

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

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Chittenden Trust Company and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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

Getting a Small Business Loan

SBA Banks in Burlington, Vermont

Vermont SBA Bank Lenders