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November 15, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Providence, Business Loans > Bank Of America Providence Business Loans > Subway Loan | ||||
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Where to Get a Small Business Loan to Purchase a Franchise
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Connecticut Entrepreneur Secures Financing to Buy Subway Sandwich Shop FranchiseBorrowing money to invest in a Subway Sandwich Shop franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Middletown, Connecticut needed money to invest in a Subway Sandwich Shop franchise back in 2003. Bank Of America issued an SBA franchise loan. Here are the details on this Connecticut small business loan. SBA Loan Borrower SUBWAY SBA Loan Lender BANK OF AMERICA This SBA 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 2/6/2003 Loan Approval Gross Amount $19,500 Loan Approval from the SBA Of the total $19,500 loan amount, the SBA guaranteed $9,750. 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 3 employees. The SBA loan application for the borrower indicated that the loan would help retain 3 existing jobs. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. This SBA loan was for $19,500. How would you spend $19,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Obtaining Funding - Friends and Family Who Lends Money to Small Businesses in Providence, Rhode Island
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