Loan to Buy Submarina Sandwiches Franchise Issued By Seacoast Commerce Bank

Need money to purchase a Submarina Sandwiches franchise? Seacoast Commerce Bank has a history of making these loans and they are guaranteed by the SBA.

Submarina Sandwiches franchise loans are available to Chula Vista, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Seacoast Commerce Bank, based in Chula Vista, California, issued an SBA franchise loan for a Submarina Sandwiches franchise in 2007. We've got all the details on this California small business loan.

SBA Loan Borrower

SUBMARINA
CHULA VISTA, CA 91912

SBA Loan Lender

SEACOAST COMMERCE BANK
678 3RD AVE, STE 101
CHULA VISTA, CA 91910

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

7/3/2007

Loan Approval Gross Amount

$135,000

Loan Approval from the SBA

Of the total $135,000 loan amount, the SBA guaranteed $114,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Submarina Sandwiches franchise. At the time of the loan, the company had 7 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 10 existing jobs.

Next Steps for Getting an SBA Loan

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Submarina Sandwiches

Investor Turnoffs

Best Banks in Chula Vista, California

Getting a Business Loan in California