Loan to Buy Blimpie Franchise Issued By Community Bank - Northern Virgin

Need money to purchase a Blimpie franchise? Community Bank - Northern Virgin has a history of making these loans and they are guaranteed by the SBA.

Blimpie franchise loans are available to Manassas, Virginia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Community Bank - Northern Virgin, based in Vienna, Virginia, issued an SBA franchise loan for a Blimpie franchise in 2003. We've got all the details on this Virginia small business loan.

SBA Loan Borrower

BLIMPIE SUBS AND SALADS
MANASSAS, VA 20109

SBA Loan Lender

COMMUNITY BANK - NORTHERN VIRGIN
8150 LEESBURG PIKE
VIENNA, VA 22180

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

5/22/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 5 employees. The loan application did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Community Bank - Northern Virgin 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:

Blimpie Subs & Salads

Equity Financing

Find an SBA Lender in Vienna, Virginia

Where to Get an SBA Loan Virginia