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| Entrepreneur Resources | Cit Small Business Lending Corp Livingston Business Loans | ||||
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I Need a Loan to Buy a Franchise in Miami, Florida
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Loan to Buy Dunkin Donuts Franchise Issued By Cit Small Business Lending CorpNeed a loan to buy a Dunkin Donuts franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy a Dunkin Donuts franchise is doable. In 2005, Cit Small Business Lending Corp issued an SBA franchise loan to an entrepreneur in Miami, Florida. Because Dunkin Donuts was registered with the SBA's registry of franchises, this Florida small business loan was issued on an expedited basis. SBA Loan Borrower FRESCO MANAGEMENT GROUP LLC SBA Loan Lender CIT SMALL BUSINESS LENDING CORP As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 311811 - Retail Bakeries Loan Approval Date 7/29/2005 Loan Approval Gross Amount $440,000 Loan Approval from the SBA Of the total $440,000 loan amount, the SBA guaranteed $330,000. More Information on This SBA Loan The borrower, Fresco Management Group LLC, 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 50 employees. The loan application indicated that the loan would help retain 50 existing jobs. This loan was paid in full, and was closed out on 8/30/2007. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. Fresco Management Group LLC needed a loan. Cit Small Business Lending Corp probably wouldn't have granted the loan based on the merits of the company, but with the SBA stepping up and agreeing to guarantee part of the loan, Cit Small Business Lending Corp made the loan. The end result was that Fresco Management Group LLC was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Best Banks for Small Business in Livingston, New Jersey Browse All Business Loan Sources for New Jersey If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.
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