Borrow Money to Buy a Miami Subs formerly Mr Submarine Franchise

Need money to invest in a Miami Subs formerly Mr Submarine franchise? Beal Bank, D/b/a Beal Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Miami Subs formerly Mr Submarine franchise? If so, here's a 2000 SBA franchise loan that you should know about. Beal Bank, D/b/a Beal Bank was the lender and the entrepreneur was based in Davie, Florida.

SBA Loan Borrower

MIAMI SUBS
DAVIE, FL 33314

SBA Loan Lender

BEAL BANK, D/B/A BEAL BANK
6000 LEGACY DR
PLANO, TX 75024

This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

3/24/2000

Loan Approval Gross Amount

$542,000

Loan Approval from the SBA

Of the total $542,000 loan amount, the SBA guaranteed $406,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Miami Subs formerly Mr Submarine franchise. At the time of the loan, the company had 25 employees. This SBA loan request did not indicate that the company planned to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Beal Bank, D/b/a Beal Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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