Loan to Buy Subway Sandwich Shop Franchise Issued By U.S. Bank National Association
Borrowing money to purchase a Subway Sandwich Shop franchise? U.S. Bank National Association has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy a Subway Sandwich Shop franchise is doable. In 2003, U.S. Bank National Association issued an SBA franchise loan to an entrepreneur in Great Falls, Montana. Because Subway Sandwich Shop was registered with the SBA's registry of franchises, this Montana small business loan was issued on an expedited basis.
SBA Loan Borrower
SOLD ON SUBS INC
GREAT FALLS, MT 59401
SBA Loan Lender
U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
6/10/2003
Loan Approval Gross Amount
$185,000
Loan Approval from the SBA
Of the total $185,000 loan amount, the SBA guaranteed $138,750.
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 14 employees. The loan application did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like U.S. Bank National Association are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.
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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