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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Quitman, Business Loans > Bank Texas Quitman Business Loans > Subway Of Big Sandy Loan | ||||
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Best Banks for Big Sandy, Texas Small Business Owners
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Texas Entrepreneur Secures Financing to Buy Subway Sandwich Shop FranchiseBorrowing money to invest in a Subway Sandwich Shop franchise? Bank Texas has a history of making these loans and they are guaranteed by the SBA. Subway Sandwich Shop franchise loans are available to Big Sandy, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bank Texas, based in Quitman, Texas, issued an SBA franchise loan for a Subway Sandwich Shop franchise in 2004. We've got all the details on this Texas small business loan. SBA Loan Borrower SUBWAY OF BIG SANDY SBA Loan Lender BANK TEXAS This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 8/10/2004 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 32 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan 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. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Where to Get an SBA Loan in Quitman, Texas
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