Framingham (town Of), MA Entrepreneur Gets SBA Loan to Buy Honey Dew Donuts Franchise

Need money to invest in a Honey Dew Donuts franchise? Flagship Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Honey Dew Donuts franchise loans are available to Framingham (town Of), Massachusetts entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Flagship Bank & Trust, based in Worcester, Massachusetts, issued an SBA franchise loan for a Honey Dew Donuts franchise in 2006. We've got all the details on this Massachusetts small business loan.

SBA Loan Borrower

JAVA PLUS CORP, 375 NEPONSET C
FRAMINGHAM (TOWN OF), MA 01701

SBA Loan Lender

FLAGSHIP BANK & TRUST
120 FRONT ST
WORCESTER, MA 01608

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

6/21/2006

Loan Approval Gross Amount

$1,148,000

Loan Approval from the SBA

Of the total $1,148,000 loan amount, the SBA guaranteed $861,000.

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 2 employees. The SBA loan documents indicated that the loan would help generate 30 new jobs and retain 2 existing jobs.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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 Flagship Bank & Trust 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

Find Start-Up Capital

Banks in Worcester, Massachusetts

SBA Lenders in Massachusetts