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May 3, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Durham, Business Loans > Cardinal State Bank Durham Business Loans > Domino's Pizza Loan | ||||
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SBA 7A Banks in North Carolina
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Borrow Money to Buy a Domino's Pizza FranchiseBorrowing money to invest in a Domino's Pizza franchise? Cardinal State Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Domino's Pizza franchise shouldn't be too tough. In 2003, Cardinal State Bank issued an SBA franchise loan to an entrepreneur in Durham, North Carolina. Because Domino's Pizza was registered with the SBA's registry of franchises, this North Carolina small business loan was issued on an expedited basis. SBA Loan Borrower DOMINO'S PIZZA SBA Loan Lender CARDINAL STATE BANK This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 4/16/2003 Loan Approval Gross Amount $320,000 Loan Approval from the SBA Of the total $320,000 loan amount, the SBA guaranteed $240,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Domino's Pizza franchise. At the time of the loan, the company had 20 employees. The SBA loan documents did not indicate that the small business promised to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Cardinal State Bank 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: SBA 7A Lenders in Durham, North Carolina
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