Loan Census Banking News and Information
November 14, 2024  
 
 
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Springfield, Massachusetts Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Loan to Buy Domino's Pizza Franchise Issued By Bank - Western Massachusetts

Borrowing money to purchase a Domino's Pizza franchise? Bank - Western Massachusetts has a history of making these loans and they are guaranteed by the SBA.

Domino's Pizza franchise loans are available to Springfield, Massachusetts entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bank - Western Massachusetts, based in Springfield, Massachusetts, issued an SBA franchise loan for a Domino's Pizza franchise in 2003. We've got all the details on this Massachusetts small business loan.

SBA Loan Borrower

DOMINOE'S
SPRINGFIELD, MA 01104

SBA Loan Lender

BANK - WESTERN MASSACHUSETTS
1391 MAIN ST, 3RD FL
SPRINGFIELD, MA 01103

This lender processed this SBA business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

722211 - Limited-Service Restaurants

Loan Approval Date

6/10/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $75,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Domino's Pizza franchise. At the time of the loan, the company had 55 employees. The SBA loan application for the borrower indicated that the loan would help retain 55 existing jobs.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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Getting an SBA Loan in Massachusetts