Loan to Buy Subs & Pastas Franchise Issued By City Bank

Need money to invest in a Subs & Pastas franchise? City Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Mountlake Terrace, Washington and are interested in buying a Subs & Pastas franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2003 by City Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

SUBWAY #24778
MOUNTLAKE TERRACE, WA 98032

SBA Loan Lender

CITY BANK
14807 HWY 99
LYNNWOOD, WA 98087

This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

3/4/2003

Loan Approval Gross Amount

$125,000

Loan Approval from the SBA

Of the total $125,000 loan amount, the SBA guaranteed $106,250.

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 8 employees. The SBA loan documents indicated that the funding would help create 7 new jobs.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

We can help you find the best banks for small businesses in Mountlake Terrace or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Obtaining Funding - How to Borrow Money

Good Banks for Small Business in Lynnwood, Washington

Washington SBA 7A Banks