First Peoples Bank Provides SBA Loan to Buy Dunkin Donuts Franchise

Need a loan to purchase a Dunkin Donuts franchise? First Peoples Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Dunkin Donuts franchise? If so, here's a 2004 SBA franchise loan that you should know about. First Peoples Bank was the lender and the entrepreneur was based in West Palm Beach, Florida.

SBA Loan Borrower

BNP LLC
WEST PALM BEACH, FL 33414

SBA Loan Lender

FIRST PEOPLES BANK
1301 SE PORT ST LUCIE BLVD
PORT SAINT LUCIE, FL 34952

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445299 - Specialty Food Stores

Loan Approval Date

12/10/2004

Loan Approval Gross Amount

$1,380,000

Loan Approval from the SBA

Of the total $1,380,000 loan amount, the SBA guaranteed $1,035,000.

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 2 employees. The loan application indicated that the loan would help generate 20 new jobs and retain 2 existing jobs.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from First Peoples 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:

Dunkin' Donuts

Obtaining Funding From a Venture Capitalist

SBA Approved Banks in Port Saint Lucie, Florida

Where to Get an SBA Loan Florida