Oswego, NY Entrepreneur Gets SBA Loan to Buy Subway Sandwich Shop Franchise
Need a loan to purchase a Subway Sandwich Shop franchise? Valley National Bank has a history of making these loans and they are guaranteed by the SBA.
Subway Sandwich Shop franchise loans are available to Oswego, New York entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Valley National Bank, based in North Plainfield, New Jersey, issued an SBA franchise loan for a Subway Sandwich Shop franchise in 2002. We've got all the details on this New York small business loan.
SBA Loan Borrower
SUBWAY SANDWICHES BY FERRIS
OSWEGO, NY 13126
SBA Loan Lender
VALLEY NATIONAL BANK
1334 RTE 22 EAST
NORTH PLAINFIELD, NJ 07060
This lender provides SBA business 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
12/10/2002
Loan Approval Gross Amount
$135,600
Loan Approval from the SBA
Of the total $135,600 loan amount, the SBA guaranteed $115,260.
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 only one employee. The SBA loan documents indicated that the loan would help generate 9 new jobs and retain 1 existing job.
Getting an SBA Loan For Your Business
SBA loans provide smart, affordable business financing for small businesses looking to expand.
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:
Subway
Startup Funding Tip
Small Business Banks in North Plainfield, New Jersey
SBA Participating Banks in New Jersey