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November 15, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Quincy, Business Loans > Plumas Bank Quincy Business Loans > Subway Loan | ||||
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Plumas Bank Franchise Business Loans
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Loan to Buy Subway Sandwich Shop Franchise Issued By Plumas BankNeed money to buy a Subway Sandwich Shop franchise? Plumas Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Alturas, California needed money to invest in a Subway Sandwich Shop franchise back in 2007. Plumas Bank issued an SBA franchise loan. Here are the details on this California small business loan. SBA Loan Borrower SUBWAY SBA Loan Lender PLUMAS BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide commercial loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 7/9/2007 Loan Approval Gross Amount $122,200 Loan Approval from the SBA Of the total $122,200 loan amount, the SBA guaranteed $103,870. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Subway Sandwich Shop franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help create 2 new jobs. Great, But How Can I Get an SBA Loan for My Business? 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. 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: Getting an SBA Loan in California
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