Mount Bethel, PA Entrepreneur Gets SBA Loan to Buy Subway Sandwich Shop Franchise

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

An entrepreneur in Mount Bethel, Pennsylvania needed money to invest in a Subway Sandwich Shop franchise back in 2003. Patriot Bank issued an SBA franchise loan. Here are the details on this Pennsylvania small business loan.

SBA Loan Borrower

G K L SUBS INC
MOUNT BETHEL, PA 18343

SBA Loan Lender

PATRIOT BANK
HIGH & HANOVER STS
POTTSTOWN, PA 19464

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

9/5/2003

Loan Approval Gross Amount

$95,000

Loan Approval from the SBA

Of the total $95,000 loan amount, the SBA guaranteed $80,750.

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 20 employees. The SBA loan documents indicated that the loan would help generate 10 new jobs and retain 30 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a company in Mount Bethel PA, you ought to talk with a local Mount Bethel SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mount Bethel 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 Patriot 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:

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SBA Approved Banks in Pottstown, Pennsylvania

SBA Pennsylvania Banks