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April 28, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Los Angeles, Business Loans > Saehan Bank Los Angeles Business Loans > Domino's Pizza Loan | ||||
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Banks for Richmond, Texas Small Businesses
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Richmond, TX Entrepreneur Gets SBA Loan to Buy Domino's Pizza FranchiseBorrowing money to buy a Domino's Pizza franchise? Saehan Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Domino's Pizza franchise? If so, here's a 2007 SBA franchise loan that you should know about. Saehan Bank was the lender and the entrepreneur was based in Richmond, Texas. SBA Loan Borrower DOMINO'S PIZZA SBA Loan Lender SAEHAN BANK 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 2/8/2007 Loan Approval Gross Amount $229,500 Loan Approval from the SBA Of the total $229,500 loan amount, the SBA guaranteed $172,125. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Domino's Pizza franchise. At the time of the loan, the company had 15 employees. The SBA loan application for the borrower indicated that the loan would help retain 15 existing jobs. Next Steps for Getting an SBA Loan Don't apply for a loan directly with the SBA. You need to 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 $229,500. How would you spend $229,500 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: SBA 7A Banks for Los Angeles, California Loans
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