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January 4, 2025 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > High Point, Business Loans > High Point Bank & Trust High Point Business Loans > Subway Sandwiches And Salad Loan | ||||
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North Carolina Small Business Funding for Franchises
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Borrow Money to Buy a Subway Sandwich Shop FranchiseNeed money to invest in a Subway Sandwich Shop franchise? High Point Bank & Trust has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in High Point, North Carolina needed money to invest in a Subway Sandwich Shop franchise back in 2003. High Point Bank & Trust issued an SBA franchise loan. Here are the details on this North Carolina small business loan. SBA Loan Borrower SUBWAY SANDWICHES AND SALAD SBA Loan Lender HIGH POINT BANK & TRUST This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. 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 6/23/2003 Loan Approval Gross Amount $126,000 Loan Approval from the SBA Of the total $126,000 loan amount, the SBA guaranteed $107,100. 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 65 employees. The loan application did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. This SBA loan was for $126,000. How would you spend $126,000 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. Related Links: Obtaining Funding From a Venture Capitalist Who Lends Money to Small Businesses in High Point, North Carolina
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