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November 21, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Dubuque, Business Loans > Dubuque Bank And Trust Company Dubuque Business Loans > Blimpie Subs And Salads Loan | ||||
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Where to Get an SBA 7A Loan to Purchase a Franchise
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Dubuque, IA Entrepreneur Gets SBA Loan to Buy Blimpie FranchiseNeed money to purchase a Blimpie franchise? Dubuque Bank And Trust Company has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Blimpie franchise? If so, here's a 2004 SBA franchise loan that you should know about. Dubuque Bank And Trust Company was the lender and the entrepreneur was based in Dubuque, Iowa. SBA Loan Borrower BLIMPIE SUBS AND SALADS SBA Loan Lender DUBUQUE BANK AND TRUST COMPANY This lender processed this SBA loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 7/8/2004 Loan Approval Gross Amount $56,000 Loan Approval from the SBA Of the total $56,000 loan amount, the SBA guaranteed $28,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Blimpie franchise. At the time of the loan, the company had 6 employees. This SBA loan request indicated that the loan would help generate 6 new jobs. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Realistic Debt Financing Options
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