The Jim Thorpe National Bank Provides SBA Loan to Buy Subway Sandwich Shop Franchise

Need money to invest in a Subway Sandwich Shop franchise? The Jim Thorpe National Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Allentown, Pennsylvania needed money to invest in a Subway Sandwich Shop franchise back in 2001. The Jim Thorpe National Bank issued an SBA franchise loan. Here are the details on this Pennsylvania small business loan.

SBA Loan Borrower

SUBWAY
ALLENTOWN, PA 18109

SBA Loan Lender

THE JIM THORPE NATIONAL BANK
12 BROADWAY
JIM THORPE, PA 18229

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

12/21/2001

Loan Approval Gross Amount

$98,400

Loan Approval from the SBA

Of the total $98,400 loan amount, the SBA guaranteed $83,640.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Subway Sandwich Shop franchise. At the time of the loan, the company had 32 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This SBA loan was for $98,400. How would you spend $98,400 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:

Subway

SBIR Funding

Where to Get an SBA Loan in Jim Thorpe, Pennsylvania

Getting an SBA Loan in Pennsylvania