Borrow Money to Buy a Subway Sandwich Shop Franchise
Need a loan to buy a Subway Sandwich Shop franchise? Bitterroot Valley Bank has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Missoula, Montana needed money to invest in a Subway Sandwich Shop franchise back in 2002. Bitterroot Valley Bank issued an SBA franchise loan. Here are the details on this Montana small business loan.
SBA Loan Borrower
SUBWAY
MISSOULA, MT 59808
SBA Loan Lender
BITTERROOT VALLEY BANK
LOLO SHPNG CTR
LOLO, MT 59847
This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
12/26/2002
Loan Approval Gross Amount
$112,000
Loan Approval from the SBA
Of the total $112,000 loan amount, the SBA guaranteed $95,200.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Subway Sandwich Shop franchise. At the time of the loan, the company
had 10 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.
Getting an SBA Loan For Your 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.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Bitterroot Valley Bank and they will explain how you can get an SBA loan for your company.
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
Obtaining Funding - How to Borrow Money
Good Banks for Small Business in Lolo, Montana
Find an SBA Lender in Montana