Pennsylvania Entrepreneur Secures Financing to Buy Subway Sandwich Shop Franchise

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

Subway Sandwich Shop franchise loans are available to Leola, Pennsylvania entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Susquehanna Bank Pa, based in Lititz, Pennsylvania, issued an SBA franchise loan for a Subway Sandwich Shop franchise in 2002. We've got all the details on this Pennsylvania small business loan.

SBA Loan Borrower

SUBWAY
LEOLA, PA 17540

SBA Loan Lender

SUSQUEHANNA BANK PA
9 E MAIN ST
LITITZ, PA 17543

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

4/9/2002

Loan Approval Gross Amount

$177,500

Loan Approval from the SBA

Of the total $177,500 loan amount, the SBA guaranteed $133,125.

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 10 employees. The SBA loan documents indicated that the loan would help retain 10 existing jobs.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

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:

Subway

The Friends and Family Network

SBA 7A Banks in Lititz, Pennsylvania

SBA Pennsylvania Lenders