Oklahoma Entrepreneur Secures Financing to Buy Subway Sandwich Shop Franchise

Need money to buy a Subway Sandwich Shop franchise? First State Bank Of Altus has a history of making these loans and they are guaranteed by the SBA.

Subway Sandwich Shop franchise loans are available to Altus, Oklahoma entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First State Bank Of Altus, based in Altus, Oklahoma, issued an SBA franchise loan for a Subway Sandwich Shop franchise in 2001. We've got all the details on this Oklahoma small business loan.

SBA Loan Borrower

SUBWAY
ALTUS, OK 73522

SBA Loan Lender

FIRST STATE BANK OF ALTUS
721 N MAIN ST
ALTUS, OK 73521

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

11/21/2001

Loan Approval Gross Amount

$339,000

Loan Approval from the SBA

Of the total $339,000 loan amount, the SBA guaranteed $254,250.

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 14 employees. The loan application did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

This SBA loan was for $339,000. How would you spend $339,000 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

Family and Friend Investors - Your First Financiers

Small Business Banks in Altus, Oklahoma

SBA Lenders in Oklahoma