Loan to Buy Subway Sandwich Shop Franchise Issued By Heritage Bank

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

Subway Sandwich Shop franchise loans are available to Chadron, Nebraska entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Heritage Bank, based in Wood River, Nebraska, issued an SBA franchise loan for a Subway Sandwich Shop franchise in 2007. We've got all the details on this Nebraska small business loan.

SBA Loan Borrower

SUBWAY
CHADRON, NE 69337

SBA Loan Lender

HERITAGE BANK
110 E 9TH ST
WOOD RIVER, NE 68883

This lender issued this loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

5/21/2007

Loan Approval Gross Amount

$218,000

Loan Approval from the SBA

Of the total $218,000 loan amount, the SBA guaranteed $163,500.

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 21 employees. The SBA loan application for the borrower indicated that the loan would help retain 21 existing jobs.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Heritage Bank and they will explain how you can get an SBA loan for your company.

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

Determining Proper Capital Structure for a Business

SBA 7A Banks for Wood River, Nebraska Loans

Getting an SBA Loan in Nebraska