Loan to Buy Subway Sandwich Shop Franchise Issued By Royal Bank America

Borrowing money to buy a Subway Sandwich Shop franchise? Royal Bank America has a history of making these loans and they are guaranteed by the SBA.

Subway Sandwich Shop franchise loans are available to Montclair, Virginia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Royal Bank America, based in Narberth, Pennsylvania, issued an SBA franchise loan for a Subway Sandwich Shop franchise in 2005. We've got all the details on this Virginia small business loan.

SBA Loan Borrower

SUBWAY
MONTCLAIR, VA 22026

SBA Loan Lender

ROYAL BANK AMERICA
732 MONTGOMERY AVE
NARBERTH, PA 19072

This 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

9/15/2005

Loan Approval Gross Amount

$270,000

Loan Approval from the SBA

Of the total $270,000 loan amount, the SBA guaranteed $202,500.

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 6 employees. The loan application did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

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.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $270,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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Pennsylvania SBA 7A Lenders