Loan to Buy Donatos Pizza Franchise Issued By Shorebank

Borrowing money to buy a Donatos Pizza franchise? Shorebank has a history of making these loans and they are guaranteed by the SBA.

If you live near Lakewood, Ohio and are interested in buying a Donatos Pizza franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Shorebank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

TYSON FOOD GROUP LTD
LAKEWOOD, OH 44107

SBA Loan Lender

SHOREBANK
540 E 105TH ST
CLEVELAND, OH 44108

This debt financing was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

11/19/2004

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Donatos Pizza franchise. At the time of the loan, the company had 25 employees. The loan application indicated that the loan would help generate 25 new jobs and retain 25 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Donatos Pizza, Inc.

504 Loans

SBA Participating Banks in Cleveland, Ohio

Where to Get an SBA Loan Ohio