Loan to Buy Subway Sandwich Shop Franchise Issued By First State Bank
Need a loan to buy a Subway Sandwich Shop franchise? First State Bank has a history of making these loans and they are guaranteed by the SBA.
Subway Sandwich Shop franchise loans are available to Evansville, Indiana entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First State Bank, based in Evansville, Indiana, issued an SBA franchise loan for a Subway Sandwich Shop franchise in 2003. We've got all the details on this Indiana small business loan.
SBA Loan Borrower
SUBWAY
EVANSVILLE, IN 47715
SBA Loan Lender
FIRST STATE BANK
1010 W BUENA VISTA RD
EVANSVILLE, IN 47710
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.
SIC Code
5812 - Eating Places
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
9/30/2003
Loan Approval Gross Amount
$150,000
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $127,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Subway Sandwich Shop franchise. At the time of the loan, the company
had 9 employees. The loan application did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans provide money to small business owners for working capital for other expenses.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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.
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