North Carolina Entrepreneur Secures Financing to Buy Mr. Hero Sandwich Shop Franchise

Need money to purchase a Mr. Hero Sandwich Shop franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.

Mr. Hero Sandwich Shop franchise loans are available to Charlotte, North Carolina entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Cit Small Business Lending Corp, based in Livingston, New Jersey, issued an SBA franchise loan for a Mr. Hero Sandwich Shop franchise in 2002. We've got all the details on this North Carolina small business loan.

SBA Loan Borrower

FOOD COURT AT THE GREEN
CHARLOTTE, NC 28202

SBA Loan Lender

CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039

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

12/11/2002

Loan Approval Gross Amount

$244,500

Loan Approval from the SBA

Of the total $244,500 loan amount, the SBA guaranteed $183,375.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Mr. Hero Sandwich Shop franchise. At the time of the loan, the company had 9 employees. The loan application indicated that the loan would help create 9 new jobs.

Start the Process for Getting an SBA Loan Today!

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

We can help you find the best banks for small businesses in Charlotte or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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