Loan Census Banking News and Information
April 19, 2024  
 
 
  Business Loan Information  
 

Business Loans for Newark Business Owners

 

 
Loan Census SBA Loan Info

Wilmington Trust Company Provides SBA Loan to Buy Dunkin Donuts Franchise

Need a loan to invest in a Dunkin Donuts franchise? Wilmington Trust Company has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Newark, Delaware needed money to invest in a Dunkin Donuts franchise back in 2003. Wilmington Trust Company issued an SBA franchise loan. Here are the details on this Delaware small business loan.

SBA Loan Borrower

DUNKIN DONUTS
NEWARK, DE 19713

SBA Loan Lender

WILMINGTON TRUST COMPANY
1100 N MARKET ST, RODNEY SQ N
WILMINGTON, DE 19890

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

9/26/2003

Loan Approval Gross Amount

$588,000

Loan Approval from the SBA

Of the total $588,000 loan amount, the SBA guaranteed $441,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Dunkin Donuts franchise. At the time of the loan, the company had 3 employees. This SBA loan request indicated that the funding would help generate 9 new jobs.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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:

Dunkin' Donuts

Determining Proper Capital Structure for a Business

SBA 7A Banks in Wilmington, Delaware

Getting an SBA Loan in Delaware