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November 15, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Providence, Business Loans > Bank Of America Providence Business Loans > Dunkin Donuts Loan | ||||
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Good Sources for Stamford SBA Loans
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Stamford, CT Entrepreneur Gets SBA Loan to Buy Dunkin Donuts FranchiseNeed money to invest in a Dunkin Donuts franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Dunkin Donuts franchise shouldn't be overly burdensome. In 2000, Bank Of America issued an SBA franchise loan to an entrepreneur in Stamford, Connecticut. Because Dunkin Donuts was registered with the SBA's registry of franchises, this Connecticut small business loan was issued on an expedited basis. SBA Loan Borrower DUNKIN DONUTS SBA Loan Lender BANK OF AMERICA This lender processed this commercial 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 445291 - Baked Goods Stores Loan Approval Date 11/29/2000 Loan Approval Gross Amount $95,400 Loan Approval from the SBA Of the total $95,400 loan amount, the SBA guaranteed $47,700. 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 17 employees. The loan application indicated that the loan would help generate 17 new jobs and retain 17 existing jobs. Start the Process for Getting an SBA Loan Today! Remember, 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. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Bank Of America are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Role of Business Plan When Raising Money SBA 7A Lenders in Providence, Rhode Island
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