Loan Census Banking News and Information
May 15, 2024  
 
 
  Business Loan Information  
 

Raising Money in Lake Worth, Florida With SBA Loans

 

 
Loan Census SBA Loan Info

Lake Worth, FL Entrepreneur Gets SBA Loan to Buy Dunkin Donuts Franchise

Borrowing money to buy a Dunkin Donuts franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Lake Worth, Florida needed money to invest in a Dunkin Donuts franchise back in 2002. Comerica Bank issued an SBA franchise loan. Here are the details on this Florida small business loan.

SBA Loan Borrower

DUNKIN DONUTS
LAKE WORTH, FL 33461

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445291 - Baked Goods Stores

Loan Approval Date

11/8/2002

Loan Approval Gross Amount

$499,000

Loan Approval from the SBA

Of the total $499,000 loan amount, the SBA guaranteed $374,250.

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 indicated that the loan would help generate 27 new jobs and retain 18 existing jobs.

Start the Process for Getting an SBA Loan Today!

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

This SBA loan was for $499,000. How would you spend $499,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Dunkin' Donuts

Raising Venture Capital

Small Business Banks in Dallas, Texas

SBA Texas Banks