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November 21, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Washington, Business Loans > Loans From Old Closed Lenders Washington Business Loans > Subzone Loan | ||||
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Business Loans for Duluth Small Business Owners
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Duluth, GA Entrepreneur Gets SBA Loan to Buy Sub And Stuff Sandwich Shop FranchiseNeed a loan to invest in a Sub And Stuff Sandwich Shop franchise? Loans From Old Closed Lenders has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Sub And Stuff Sandwich Shop franchise? If so, here's a 2001 SBA franchise loan that you should know about. Loans From Old Closed Lenders was the lender and the entrepreneur was based in Duluth, Georgia. SBA Loan Borrower SUBZONE SBA Loan Lender LOANS FROM OLD CLOSED LENDERS This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 9/18/2001 Loan Approval Gross Amount $110,000 Loan Approval from the SBA Of the total $110,000 loan amount, the SBA guaranteed $93,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Sub And Stuff Sandwich Shop franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 6 existing jobs. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. This SBA loan was for $110,000. How would you spend $110,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Who Lends Money to Small Businesses in Washington, District of Columbia SBA Participating Banks in District of Columbia
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