Borrow Money to Buy a Cousins Submarines restaurant Franchise

Need money to purchase a Cousins Submarines restaurant franchise? State Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Cousins Submarines restaurant franchise loans are available to Fargo, North Dakota entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, State Bank & Trust, based in Fargo, North Dakota, issued an SBA franchise loan for a Cousins Submarines restaurant franchise in 2003. We've got all the details on this North Dakota small business loan.

SBA Loan Borrower

4 D SUBS, INC.
FARGO, ND 58102

SBA Loan Lender

STATE BANK & TRUST
3100 13TH AVE SW
FARGO, ND 58103

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to American small businesses.

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

1/24/2003

Loan Approval Gross Amount

$140,000

Loan Approval from the SBA

Of the total $140,000 loan amount, the SBA guaranteed $119,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Cousins Submarines restaurant franchise. At the time of the loan, the company had 20 employees. The loan application did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

While you may be able to borrow money from friends and family, 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:

Cousins Subs

A Company That Helps Entrepreneurs

Small Business Banks in Fargo, North Dakota

Where to Get an SBA Loan North Dakota