Borrow Money to Buy a Miami Subs formerly Mr Submarine Franchise

Borrowing money to purchase a Miami Subs formerly Mr Submarine franchise? First St. Bank - Florida Keys has a history of making these loans and they are guaranteed by the SBA.

Miami Subs formerly Mr Submarine franchise loans are available to Marathon, Florida entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First St. Bank - Florida Keys, based in Key West, Florida, issued an SBA franchise loan for a Miami Subs formerly Mr Submarine franchise in 2002. We've got all the details on this Florida small business loan.

SBA Loan Borrower

MIAMI SUBS
MARATHON, FL 33050

SBA Loan Lender

FIRST ST. BANK - FLORIDA KEYS
1201 SIMONTON ST
KEY WEST, FL 33041

This small business loan 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

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

5/22/2002

Loan Approval Gross Amount

$530,000

Loan Approval from the SBA

Of the total $530,000 loan amount, the SBA guaranteed $397,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Miami Subs formerly Mr Submarine franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

We can help you find the best banks for small businesses in Marathon or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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.

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