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April 23, 2024 |
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| Home > Small Business Lenders by State > Maine Business Loan Sources > Bangor, Business Loans > Merrill Merchants Bank Bangor Business Loans > Bruce's Donuts Inc Loan | ||||
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SBA 7A Banks for Brewer (rr Name Brewer Junctio, Maine Small Business Owners
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Loan to Buy Dunkin Donuts Franchise Issued By Merrill Merchants BankNeed a loan to buy a Dunkin Donuts franchise? Merrill Merchants Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Dunkin Donuts franchise requires some effort but others before you have been successful. In 2004, Merrill Merchants Bank issued an SBA franchise loan to an entrepreneur in Brewer (rr Name Brewer Junctio, Maine. Because Dunkin Donuts was registered with the SBA's registry of franchises, this Maine small business loan was issued on an expedited basis. SBA Loan Borrower BRUCE'S DONUTS INC SBA Loan Lender MERRILL MERCHANTS BANK 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 7/28/2004 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 Dunkin Donuts franchise. At the time of the loan, the company had 14 employees. The loan application indicated that the loan would help retain 14 existing jobs. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Merrill Merchants Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Merrill Merchants Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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:
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