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November 22, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Durham, Business Loans > Self-Help Cu Durham Business Loans > Subway Loan | ||||
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Business Loans for Durhamw Small Business Owners
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Borrow Money to Buy a Subway Sandwich Shop FranchiseNeed a loan to buy a Subway Sandwich Shop franchise? Self-Help Cu has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Subway Sandwich Shop franchise requires some effort but others before you have been successful. In 2005, Self-Help Cu issued an SBA franchise loan to an entrepreneur in Durhamw, North Carolina. Because Subway Sandwich Shop was registered with the SBA's registry of franchises, this North Carolina small business loan was issued on an expedited basis. SBA Loan Borrower SUBWAY SBA Loan Lender SELF-HELP CU This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 9/9/2005 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Subway Sandwich Shop franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. We can help you find the best banks for small businesses in Durhamw or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Role of Business Plan When Raising Money Small Business Banks in Durham, North Carolina
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