Loan to Buy Subway Sandwich Shop Franchise Issued By Legacy Banks

Need a loan to invest in a Subway Sandwich Shop franchise? Legacy Banks has a history of making these loans and they are guaranteed by the SBA.

Subway Sandwich Shop franchise loans are available to Lee (census Name For Lee Cente, Massachusetts entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Legacy Banks, based in Pittsfield, Massachusetts, issued an SBA franchise loan for a Subway Sandwich Shop franchise in 2003. We've got all the details on this Massachusetts small business loan.

SBA Loan Borrower

ADAMS SUBWAY
LEE (CENSUS NAME FOR LEE CENTE, MA 01238

SBA Loan Lender

LEGACY BANKS
99 NORTH ST
PITTSFIELD, MA 01201

The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

7/30/2003

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Subway Sandwich Shop franchise. At the time of the loan, the company had 5 employees. The loan application indicated that the loan would help generate 5 new jobs and retain 5 existing jobs.

Getting an SBA Loan For Your Business

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

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Legacy Banks 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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