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May 3, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Charlotte, Business Loans > Bank Of America Charlotte Business Loans > Domino's Pizza Loan | ||||
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Where to Get an SBA 7A Loan to Purchase a Franchise
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Florida Entrepreneur Secures Financing to Buy Domino's Pizza FranchiseNeed money to purchase a Domino's Pizza franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA. Domino's Pizza franchise loans are available to Punta Gorda, Florida entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bank Of America, based in Charlotte, North Carolina, issued an SBA franchise loan for a Domino's Pizza franchise in 2001. We've got all the details on this Florida small business loan. SBA Loan Borrower DOMINO'S PIZZA SBA Loan Lender BANK OF AMERICA This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 722211 - Limited-Service Restaurants Loan Approval Date 5/11/2001 Loan Approval Gross Amount $128,500 Loan Approval from the SBA Of the total $128,500 loan amount, the SBA guaranteed $64,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Domino's Pizza franchise. At the time of the loan, the company had 65 employees. The SBA loan application for the borrower indicated that the loan would help generate 5 new jobs and retain 65 existing jobs. Next Steps for Getting an SBA Loan 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. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Accountant's Role in Securing Financing SBA Participating Banks in Charlotte, North Carolina
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