Loan to Buy Lenny's Sub Shop Franchise Issued By Community W. Bank

Borrowing money to buy a Lenny's Sub Shop franchise? Community W. Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Lenny's Sub Shop franchise? If so, here's a 2003 SBA franchise loan that you should know about. Community W. Bank was the lender and the entrepreneur was based in Fort Walton Beach, Florida.

SBA Loan Borrower

LENNY'S SUB SHOP
FORT WALTON BEACH, FL 32548

SBA Loan Lender

COMMUNITY W. BANK
5827 HOLLISTER AVE
GOLETA, CA 93117

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

10/17/2003

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 Lenny's Sub Shop franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 10 new jobs and retain 1 existing job.

Next Steps for Getting an SBA Loan

If you need business start up money in Fort Walton Beach FL, you ought to talk with a local Fort Walton Beach SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Fort Walton Beach businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Community W. Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Lenny's Sub Shop

How Equity Dilution Works

Where to Get an SBA Loan in Goleta, California

Where to Get an SBA Loan California