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May 9, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Beaver, Business Loans > The Huntington National Bank Beaver Business Loans > Dunkin Donuts Loan | ||||
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Raising Money in New Castle, Pennsylvania With SBA Loans
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The Huntington National Bank Provides SBA Loan to Buy Dunkin Donuts FranchiseNeed a loan to buy a Dunkin Donuts franchise? The Huntington National Bank has a history of making these loans and they are guaranteed by the SBA. Dunkin Donuts franchise loans are available to New Castle, Pennsylvania entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, The Huntington National Bank, based in Beaver, Pennsylvania, issued an SBA franchise loan for a Dunkin Donuts franchise in 2003. We've got all the details on this Pennsylvania small business loan. SBA Loan Borrower DUNKIN DONUTS SBA Loan Lender THE HUNTINGTON NATIONAL BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 6/30/2003 Loan Approval Gross Amount $760,000 Loan Approval from the SBA Of the total $760,000 loan amount, the SBA guaranteed $570,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Dunkin Donuts franchise. At the time of the loan, the company had 18 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My 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. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $760,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Best Banks for Small Business in Beaver, Pennsylvania
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