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December 19, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Brookfield, Business Loans > Ridgestone Bank Brookfield Business Loans > Kardo 1,Inc Loan | ||||
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How Much Does It Cost to Buy a Franchise in Vernon Hills, Illinois?
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Borrow Money to Buy a Dunkin Donuts FranchiseBorrowing money to buy a Dunkin Donuts franchise? Ridgestone Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Vernon Hills, Illinois and are interested in buying a Dunkin Donuts franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by Ridgestone Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower KARDO 1,INC SBA Loan Lender RIDGESTONE BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 6/5/2007 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $262,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Dunkin Donuts franchise. At the time of the loan, the company had 19 employees. The loan application indicated that the loan would help generate 7 new jobs and retain 12 existing jobs. Next Steps for Getting an SBA Loan Don't forget. To get an SBA loan, you must 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. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Ridgestone Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Determining Proper Capital Structure for a Business SBA 7A Lenders in Brookfield, Wisconsin
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