Montclair, CA Entrepreneur Gets SBA Loan to Buy Subs & Pastas Franchise

Borrowing money to purchase a Subs & Pastas franchise? American Continental Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Subs & Pastas franchise shouldn't be too tough. In 2006, American Continental Bank issued an SBA franchise loan to an entrepreneur in Montclair, California. Because Subs & Pastas was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.

SBA Loan Borrower

SUBWAY 39978
MONTCLAIR, CA 91763

SBA Loan Lender

AMERICAN CONTINENTAL BANK
17700 CASTLETON ST, STE 100
CITY OF INDUSTRY, CA 91748

This lender issued this SBA business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

5/19/2006

Loan Approval Gross Amount

$140,000

Loan Approval from the SBA

Of the total $140,000 loan amount, the SBA guaranteed $119,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Subs & Pastas franchise. At the time of the loan, the company had 6 employees. This SBA loan request did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you want money for new small business in Montclair CA, you ought to talk with a local Montclair SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Montclair businesses.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from American Continental Bank 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.

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