Montgomery, AL Entrepreneur Gets SBA Loan to Buy Roly Poly Rolled Sandwiches Franchise

Borrowing money to purchase a Roly Poly Rolled Sandwiches franchise? Superior Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Montgomery, Alabama and are interested in buying a Roly Poly Rolled Sandwiches franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Superior Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

ROLY POLY (ROLY POLY MONTGOMER
MONTGOMERY, AL 36101

SBA Loan Lender

SUPERIOR BANK
17 N 20TH ST
BIRMINGHAM, AL 35203

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

10/18/2004

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $102,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Roly Poly Rolled Sandwiches franchise. At the time of the loan, the company had 8 employees. The loan application did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Roly Poly Rolled Sandwiches

Obtaining Funding - How to Borrow Money

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Alabama SBA 7A Lenders