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December 20, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Owatonna, Business Loans > Community Bank Owatonna Owatonna Business Loans > Subway Loan | ||||
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Business Loans for Lakeville Business Owners
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Borrow Money to Buy a Subway Sandwich Shop FranchiseBorrowing money to invest in a Subway Sandwich Shop franchise? Community Bank Owatonna has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Lakeville, Minnesota needed money to invest in a Subway Sandwich Shop franchise back in 2007. Community Bank Owatonna issued an SBA franchise loan. Here are the details on this Minnesota small business loan. SBA Loan Borrower SUBWAY SBA Loan Lender COMMUNITY BANK OWATONNA This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 8/15/2007 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $100,000. 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 50 employees. The loan application indicated that the loan would help generate 10 new jobs. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Community Bank Owatonna 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. Related Links: Best Owatonna, Minnesota Banks for Small Business
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