Massachusetts Entrepreneur Secures Financing to Buy Honey Dew Donuts Franchise

Need a loan to invest in a Honey Dew Donuts franchise? Natl Consumer Cooperative has a history of making these loans and they are guaranteed by the SBA.

Honey Dew Donuts franchise loans are available to Carver, Massachusetts entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Natl Consumer Cooperative, based in Washington, District of Columbia, issued an SBA franchise loan for a Honey Dew Donuts franchise in 2004. We've got all the details on this Massachusetts small business loan.

SBA Loan Borrower

REBECCA MAHONEY DOUGHNUTS, INC
CARVER, MA 02330

SBA Loan Lender

NATL CONSUMER COOPERATIVE
601 PENNSYLVANIA AVE, NW, STE
WASHINGTON, DC 20044

This lender issued this loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311811 - Retail Bakeries

Loan Approval Date

8/2/2004

Loan Approval Gross Amount

$285,000

Loan Approval from the SBA

Of the total $285,000 loan amount, the SBA guaranteed $213,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Honey Dew Donuts franchise. At the time of the loan, the company had 12 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.

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

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Natl Consumer Cooperative are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Honey Dew Donuts

Small Business Loan

Best Banks for Small Business in Washington, District of Columbia

Getting a Business Loan in District of Columbia