Borrow Money to Buy a Schlotzsky's Sandwich Shop Franchise

Borrowing money to invest in a Schlotzsky's Sandwich Shop franchise? Borrego Springs Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Coeur D'Alene, Idaho needed money to invest in a Schlotzsky's Sandwich Shop franchise back in 2003. Borrego Springs Bank issued an SBA franchise loan. Here are the details on this Idaho small business loan.

SBA Loan Borrower

SCHLOTZSKY'S DELI
COEUR D'ALENE, ID 83814

SBA Loan Lender

BORREGO SPRINGS BANK
7777 ALVARADO RD, STE 114
LA MESA, CA 91941

This bank loan was sent in by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA delivers a quick answer on whether the loan qualifies.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

1/23/2003

Loan Approval Gross Amount

$201,600

Loan Approval from the SBA

Of the total $201,600 loan amount, the SBA guaranteed $151,200.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Schlotzsky's Sandwich Shop franchise. At the time of the loan, the company had 19 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

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

Every year, the SBA guarantees over $10 billion for loans just like this one.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Borrego Springs Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Schlotzsky's Deli

Startup Funding Tip

SBA Banks in La Mesa, California

SBA Participating Banks in California