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May 16, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Philadelphia, Business Loans > Commerce Bank Philadelphia Business Loans > Dunkin Donuts Loan | ||||
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Best Banks for Stroudsburg Small Business Owners
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Loan to Buy Dunkin Donuts Franchise Issued By Commerce BankBorrowing money to purchase a Dunkin Donuts franchise? Commerce Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Dunkin Donuts franchise? If so, here's a 2002 SBA franchise loan that you should know about. Commerce Bank was the lender and the entrepreneur was based in Stroudsburg, Pennsylvania. SBA Loan Borrower DUNKIN DONUTS SBA Loan Lender COMMERCE BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 3/19/2002 Loan Approval Gross Amount $550,000 Loan Approval from the SBA Of the total $550,000 loan amount, the SBA guaranteed $412,500. 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 10 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 10 existing jobs. Getting an SBA Loan For Your Business If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great source of funding. We can help you find the best banks for small businesses in Stroudsburg or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Realistic Debt Financing Options Who Lends Money to Small Businesses in Philadelphia, Pennsylvania
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