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November 15, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Castile, Business Loans > The Bank Of Castile Castile Business Loans > Submeisters Inc Loan | ||||
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SBA Franchise Financing Lender Batavia New York
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Borrow Money to Buy a Subway Sandwich Shop FranchiseNeed money to invest in a Subway Sandwich Shop franchise? The Bank Of Castile has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Batavia, New York needed money to invest in a Subway Sandwich Shop franchise back in 2005. The Bank Of Castile issued an SBA franchise loan. Here are the details on this New York small business loan. SBA Loan Borrower SUBMEISTERS INC SBA Loan Lender THE BANK OF CASTILE 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 722110 - Full-Service Restaurants Loan Approval Date 9/2/2005 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. 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 25 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 27 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. While you may be able to find other ways to get money to start a business, 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: How Much Venture Capital Is There? Who Lends Money to Small Businesses in Castile, New York
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