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November 15, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Middleborough, Business Loans > Eastern Bank Middleborough Business Loans > Subway Loan | ||||
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SBA Franchise Financing Lender Fall River Massachusetts
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Loan to Buy Subway Sandwich Shop Franchise Issued By Eastern BankBorrowing money to purchase a Subway Sandwich Shop franchise? Eastern Bank has a history of making these loans and they are guaranteed by the SBA. Subway Sandwich Shop franchise loans are available to Fall River, Massachusetts entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Eastern Bank, based in Middleborough, Massachusetts, issued an SBA franchise loan for a Subway Sandwich Shop franchise in 2004. We've got all the details on this Massachusetts small business loan. SBA Loan Borrower SUBWAY SBA Loan Lender EASTERN BANK This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 10/28/2004 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 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 application for the borrower did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you want money for new small business in Fall River MA, you ought to talk with a local Fall River SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Fall River businesses. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Eastern Bank and they will explain how you can get an SBA loan for your company. 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: Obtaining Funding - How to Decide How Much to Raise Small Business Banks in Middleborough, Massachusetts
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