First Finan Bank Provides SBA Loan to Buy Subway Sandwich Shop Franchise

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

An entrepreneur in Celina, Ohio needed money to invest in a Subway Sandwich Shop franchise back in 2005. First Finan Bank issued an SBA franchise loan. Here are the details on this Ohio small business loan.

SBA Loan Borrower

SUBWAY RESTAURANT
CELINA, OH 45822

SBA Loan Lender

FIRST FINAN BANK
2201 W SOUTH LOOP
STEPHENVILLE, TX 76401

The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

10/25/2005

Loan Approval Gross Amount

$89,700

Loan Approval from the SBA

Of the total $89,700 loan amount, the SBA guaranteed $44,850.

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 15 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

While you may be able to find business people willing to loan money, 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.

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