Corinth, TX Entrepreneur Gets SBA Loan to Buy New York Subs Franchise

Borrowing money to invest in a New York Subs franchise? Northstar Bank Of Texas has a history of making these loans and they are guaranteed by the SBA.

If you live near Corinth, Texas and are interested in buying a New York Subs franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2003 by Northstar Bank Of Texas. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

CORINTH SUBS, INC.
CORINTH, TX 76205

SBA Loan Lender

NORTHSTAR BANK OF TEXAS
400 N CARROLL BLVD
DENTON, TX 76201

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

12/12/2003

Loan Approval Gross Amount

$123,668

Loan Approval from the SBA

Of the total $123,668 loan amount, the SBA guaranteed $105,118.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a New York Subs franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? 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:

New York Subs Fresh Deli

Business Line of Credit

SBA Participating Banks in Denton, Texas

Find an SBA Lender in Texas