Ellenwood, GA Entrepreneur Gets SBA Loan to Buy Subway Sandwich Shop Franchise
Borrowing money to buy a Subway Sandwich Shop franchise? Wachovia Bank has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Subway Sandwich Shop franchise? If so, here's a 2002 SBA franchise loan that you should know about. Wachovia Bank was the lender and the entrepreneur was based in Ellenwood, Georgia.
SBA Loan Borrower
SUBWAY
ELLENWOOD, GA 30294
SBA Loan Lender
WACHOVIA BANK
100 N MAIN ST
WINSTON SALEM, NC 27101
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
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
722110 - Full-Service Restaurants
Loan Approval Date
8/8/2002
Loan Approval Gross Amount
$108,000
Loan Approval from the SBA
Of the total $108,000 loan amount, the SBA guaranteed $54,000.
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 only one employee. The SBA loan documents indicated that the loan would help generate 10 new jobs and retain 10 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
If you have been wondering how do i get money to start a business in Ellenwood GA, you ought to talk with a local Ellenwood SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Ellenwood businesses.
While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.
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:
Subway
How Much Venture Capital Is There?
SBA Approved Banks in Winston Salem, North Carolina
North Carolina SBA 7A Lenders