Wachovia Bank Provides SBA Loan to Buy Blimpie Franchise
Need money to invest in a Blimpie franchise? Wachovia Bank has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy a Blimpie franchise requires some effort but others before you have been successful. In 2001, Wachovia Bank issued an SBA franchise loan to an entrepreneur in Loganville, Georgia. Because Blimpie was registered with the SBA's registry of franchises, this Georgia small business loan was issued on an expedited basis.
SBA Loan Borrower
BLIMPIE SUBS & SALADS
LOGANVILLE, GA 30015
SBA Loan Lender
WACHOVIA BANK
100 N MAIN ST
WINSTON SALEM, NC 27101
This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
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
11/1/2001
Loan Approval Gross Amount
$75,000
Loan Approval from the SBA
Of the total $75,000 loan amount, the SBA guaranteed $37,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Blimpie franchise. At the time of the loan, the company
had only one employee. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 4 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
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:
Blimpie Subs & Salads
Angel Investors
SBA Participating Banks in Winston Salem, North Carolina
Getting a Business Loan in North Carolina