Lexington, KY Entrepreneur Gets SBA Loan to Buy Schlotzsky's Sandwich Shop Franchise

Need a loan to purchase a Schlotzsky's Sandwich Shop franchise? Washington Mutual Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Lexington, Kentucky needed money to invest in a Schlotzsky's Sandwich Shop franchise back in 2000. Washington Mutual Bank issued an SBA franchise loan. Here are the details on this Kentucky small business loan.

SBA Loan Borrower

SCHLOTZSKY'S DELI LEXINGTON
LEXINGTON, KY 40503

SBA Loan Lender

WASHINGTON MUTUAL BANK
2273 N GREEN VALLEY PKWY, STE
HENDERSON, NV 89014

This loan for a small business was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

8/17/2000

Loan Approval Gross Amount

$913,000

Loan Approval from the SBA

Of the total $913,000 loan amount, the SBA guaranteed $684,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Schlotzsky's Sandwich Shop franchise. At the time of the loan, the company had 50 employees. The loan application did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need business start up money in Lexington KY, you ought to talk with a local Lexington SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lexington businesses.

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

Schlotzsky's Deli

Dealing With Venture Capitalists

Where to Get an SBA Loan in Henderson, Nevada

Where to Get an SBA Loan Nevada