Irving, TX Entrepreneur Gets SBA Loan to Buy Subway Sandwich Shop Franchise

Need a loan to purchase a Subway Sandwich Shop franchise? State Bank Of Texas has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Irving, Texas needed money to invest in a Subway Sandwich Shop franchise back in 2003. State Bank Of Texas issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

G I S CORPORATION
IRVING, TX 75060

SBA Loan Lender

STATE BANK OF TEXAS
605 W AIRPORT FREEWAY
IRVING, TX 75060

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

10/24/2003

Loan Approval Gross Amount

$147,000

Loan Approval from the SBA

Of the total $147,000 loan amount, the SBA guaranteed $124,950.

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 16 employees. The SBA loan documents indicated that the loan would help generate 8 new jobs.

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SBA loans provide money to small business owners for working capital for other expenses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

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Small Bank Loans in Irving, Texas

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