Orlando, FL Entrepreneur Gets SBA Loan to Buy Firehouse Subs Franchise

Borrowing money to purchase a Firehouse Subs franchise? First Florida Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Orlando, Florida needed money to invest in a Firehouse Subs franchise back in 2003. First Florida Bank issued an SBA franchise loan. Here are the details on this Florida small business loan.

SBA Loan Borrower

FIREHOUSE SUBS OF COLONIAL INC
ORLANDO, FL 32803

SBA Loan Lender

FIRST FLORIDA BANK
8850 TAMIAMI TRL NORTH
NAPLES, FL 34108

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

9/4/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Firehouse Subs franchise. At the time of the loan, the company had 9 employees. The SBA loan documents did not indicate that the company planned 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?

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $150,000 loan. Remember, if it to be, it is up to me!

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:

Firehouse Subs

Family and Friend Investors - Your First Financiers

SBA 7A Banks for Naples, Florida Loans

Find an SBA Lender in Florida