Borrow Money to Buy a Subway Sandwich Shop Franchise

Need a loan to purchase a Subway Sandwich Shop franchise? National City Bank has a history of making these loans and they are guaranteed by the SBA.

Subway Sandwich Shop franchise loans are available to Erie, Pennsylvania entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, National City Bank, based in Erie, Pennsylvania, issued an SBA franchise loan for a Subway Sandwich Shop franchise in 2002. We've got all the details on this Pennsylvania small business loan.

SBA Loan Borrower

MILLCREEK MALL SUBWAY
ERIE, PA 16509

SBA Loan Lender

NATIONAL CITY BANK
801 STATE ST
ERIE, PA 16501

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

5/3/2002

Loan Approval Gross Amount

$160,500

Loan Approval from the SBA

Of the total $160,500 loan amount, the SBA guaranteed $120,375.

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 13 employees. The SBA loan documents indicated that the loan would help generate 13 new jobs and retain 13 existing jobs.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from National City Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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

Role of Business Plan When Raising Money

SBA Approved Banks in Erie, Pennsylvania

Pennsylvania SBA Banks