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March 28, 2024  
 
 
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Where to Get a Bank Loan to Purchase a Franchise

 

 
Loan Census SBA Loan Info

Borrow Money to Buy a Dunkin Donuts Franchise

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

Dunkin Donuts franchise loans are available to Wilmington, Delaware entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wilmington Trust Company, based in Wilmington, Delaware, issued an SBA franchise loan for a Dunkin Donuts franchise in 2003. We've got all the details on this Delaware small business loan.

SBA Loan Borrower

DUNKIN DONUTS
WILMINGTON, DE 19805

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

10/2/2003

Loan Approval Gross Amount

$410,000

Loan Approval from the SBA

Of the total $410,000 loan amount, the SBA guaranteed $307,500.

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 loan would help generate 5 new jobs and retain 5 existing jobs.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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

The Friends and Family Network

Best Wilmington, Delaware Banks for Small Business

Getting an SBA Loan in Delaware