Wisconsin Entrepreneur Secures Financing to Buy Subway Sandwich Shop Franchise

Borrowing money to invest in a Subway Sandwich Shop franchise? Legacy Bank has a history of making these loans and they are guaranteed by the SBA.

Subway Sandwich Shop franchise loans are available to Brown Deer, Wisconsin entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Legacy Bank, based in Milwaukee, Wisconsin, issued an SBA franchise loan for a Subway Sandwich Shop franchise in 2004. We've got all the details on this Wisconsin small business loan.

SBA Loan Borrower

SUBWAY
BROWN DEER, WI 53223

SBA Loan Lender

LEGACY BANK
2102 W FOND DU LAC AVE
MILWAUKEE, WI 53206

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA small business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

2/3/2004

Loan Approval Gross Amount

$313,000

Loan Approval from the SBA

Of the total $313,000 loan amount, the SBA guaranteed $234,750.

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 only one employee. The SBA loan documents did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

While you may be able to borrow money from friends and family, 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:

Subway

Obtaining Funding From a Venture Capitalist

SBA Participating Banks in Milwaukee, Wisconsin

SBA Wisconsin Lenders