New York Entrepreneur Secures Financing to Buy Blimpie Franchise

Need money to buy a Blimpie franchise? Community Bank has a history of making these loans and they are guaranteed by the SBA.

Blimpie franchise loans are available to Elmira, New York entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Community Bank, based in Elmira, New York, issued an SBA franchise loan for a Blimpie franchise in 2000. We've got all the details on this New York small business loan.

SBA Loan Borrower

SOUTHPORT BLIMPIE
ELMIRA, NY 14904

SBA Loan Lender

COMMUNITY BANK
300 W WATER ST
ELMIRA, NY 14901

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

4/7/2000

Loan Approval Gross Amount

$84,450

Loan Approval from the SBA

Of the total $84,450 loan amount, the SBA guaranteed $67,560.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Blimpie franchise. At the time of the loan, the company had 206 employees. The loan application did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you are raising money in Elmira NY, you ought to talk with a local Elmira SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Elmira businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $84,450 loan. Remember, you control your own destiny.

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:

Blimpie Subs & Salads

Attracting Investors

SBA Participating Banks in Elmira, New York

New York SBA 7A Lenders