Tennessee Entrepreneur Secures Financing to Buy Blimpie Franchise

Need money to buy a Blimpie franchise? Greenbank has a history of making these loans and they are guaranteed by the SBA.

Blimpie franchise loans are available to Franklin, Tennessee entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Greenbank, based in Franklin, Tennessee, issued an SBA franchise loan for a Blimpie franchise in 2002. We've got all the details on this Tennessee small business loan.

SBA Loan Borrower

TCBY/BLIMPIE
FRANKLIN, TN 37064

SBA Loan Lender

GREENBANK
320 MAIN ST
FRANKLIN, TN 37064

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

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

6/17/2002

Loan Approval Gross Amount

$90,000

Loan Approval from the SBA

Of the total $90,000 loan amount, the SBA guaranteed $76,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Blimpie franchise. At the time of the loan, the company had 7 employees. The SBA loan documents did not indicate that the small business promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

This SBA loan was for $90,000. How would you spend $90,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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