Montana Entrepreneur Secures Financing to Buy Subway Sandwich Shop Franchise
Need a loan to invest in a Subway Sandwich Shop franchise? First National Bank - Montana Inc. has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Lolo, Montana needed money to invest in a Subway Sandwich Shop franchise back in 2003. First National Bank - Montana Inc. issued an SBA franchise loan. Here are the details on this Montana small business loan.
SBA Loan Borrower
T & C ENTERPRISES, LLP
LOLO, MT 59847
SBA Loan Lender
FIRST NATIONAL BANK - MONTANA INC.
201 N HIGGINS
MISSOULA, MT 59802
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
3/27/2003
Loan Approval Gross Amount
$139,000
Loan Approval from the SBA
Of the total $139,000 loan amount, the SBA guaranteed $118,150.
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 5 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
Many small businesses receive loans backed by the U.S. Small Business Administration.
If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from First National Bank - Montana Inc. so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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 Art of Bootstrapping
Good Banks for Small Business in Missoula, Montana
Montana SBA 7A Lenders