Callahan, FL Entrepreneur Gets SBA Loan to Buy Larry's Giant Subs Franchise

Borrowing money to invest in a Larry's Giant Subs franchise? First National Bank - Nassau Cnty has a history of making these loans and they are guaranteed by the SBA.

Larry's Giant Subs franchise loans are available to Callahan, Florida entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First National Bank - Nassau Cnty, based in Fernandina Beach, Florida, issued an SBA franchise loan for a Larry's Giant Subs franchise in 2000. We've got all the details on this Florida small business loan.

SBA Loan Borrower

LARRY'S GIANT SUBS CALLAHAN
CALLAHAN, FL 32011

SBA Loan Lender

FIRST NATIONAL BANK - NASSAU CNTY
1891 S 14TH ST
FERNANDINA BEACH, FL 32034

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

10/13/2000

Loan Approval Gross Amount

$63,000

Loan Approval from the SBA

Of the total $63,000 loan amount, the SBA guaranteed $50,400.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Larry's Giant Subs franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 10 new jobs and retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First National Bank - Nassau Cnty that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Larry's Giant Subs

Famous Venture Capitalists

Good Banks for Small Business in Fernandina Beach, Florida

SBA Lenders in Florida