First Bremen Bank Provides SBA Loan to Buy Lenny's Sub Shop Franchise

Borrowing money to invest in a Lenny's Sub Shop franchise? First Bremen Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Lenny's Sub Shop franchise? If so, here's a 2007 SBA franchise loan that you should know about. First Bremen Bank was the lender and the entrepreneur was based in Columbus, Ohio.

SBA Loan Borrower

GOLDEN OLIVE ENTERPRISES, LLC
COLUMBUS, OH 43235

SBA Loan Lender

FIRST BREMEN BANK
119 MAIN ST
BREMEN, OH 43107

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

5/15/2007

Loan Approval Gross Amount

$244,800

Loan Approval from the SBA

Of the total $244,800 loan amount, the SBA guaranteed $183,600.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Lenny's Sub Shop franchise. At the time of the loan, the company had 18 employees. This SBA loan request indicated that the funding would help generate 18 new jobs.

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

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $244,800 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Lenny's Sub Shop

Accountant's Role in Securing Financing

Who Lends Money to Small Businesses in Bremen, Ohio

SBA Ohio Lenders