Merchants Bank Provides SBA Loan to Buy Erbert & Gerbert's Subs & Clubs Franchise

Borrowing money to buy an Erbert & Gerbert's Subs & Clubs franchise? Merchants Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an Erbert & Gerbert's Subs & Clubs franchise may simply require a phone call to a local SBA banker. In 2004, Merchants Bank issued an SBA franchise loan to an entrepreneur in Hugo, Minnesota. Because Erbert & Gerbert's Subs & Clubs was registered with the SBA's registry of franchises, this Minnesota small business loan was issued on an expedited basis.

SBA Loan Borrower

ERBERT & GERBERT'S SUBS & CLUB
HUGO, MN 55038

SBA Loan Lender

MERCHANTS BANK
102 E THIRD ST
WINONA, MN 55987

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

10/19/2004

Loan Approval Gross Amount

$210,000

Loan Approval from the SBA

Of the total $210,000 loan amount, the SBA guaranteed $157,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Erbert & Gerbert's Subs & Clubs franchise. At the time of the loan, the company had 12 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Erbert & Gerbert's Subs & Clubs

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SBA Participating Banks in Winona, Minnesota

Minnesota SBA 7A Lenders