Loan to Buy Honey Dew Donuts Franchise Issued By Rbs Citizens

Borrowing money to buy a Honey Dew Donuts franchise? Rbs Citizens has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Honey Dew Donuts franchise shouldn't be overly burdensome. In 2003, Rbs Citizens issued an SBA franchise loan to an entrepreneur in Stoughton, Massachusetts. Because Honey Dew Donuts was registered with the SBA's registry of franchises, this Massachusetts small business loan was issued on an expedited basis.

SBA Loan Borrower

HONEY DEW DONUTS
STOUGHTON, MA 02072

SBA Loan Lender

RBS CITIZENS
725 CANTON ST
NORWOOD, MA 02062

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

722110 - Full-Service Restaurants

Loan Approval Date

4/23/2003

Loan Approval Gross Amount

$5,000

Loan Approval from the SBA

Of the total $5,000 loan amount, the SBA guaranteed $2,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Honey Dew Donuts franchise. At the time of the loan, the company had 37 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 40 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Rbs Citizens and they will explain how you can get an SBA loan for your company.

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:

Honey Dew Donuts

Business Cash Advances

SBA Participating Banks in Norwood, Massachusetts

Massachusetts SBA 7A Banks