Loan to Buy Subway Sandwich Shop Franchise Issued By Bancfirst Invest Corp

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

Getting money to buy a Subway Sandwich Shop franchise may simply require a phone call to a local SBA banker. In 2004, Bancfirst Invest Corp issued an SBA franchise loan to an entrepreneur in Paris, Texas. Because Subway Sandwich Shop was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

SUBWAY
PARIS, TX 75460

SBA Loan Lender

BANCFIRST INVEST CORP
101 N BROADWAY STE 200
OKLAHOMA CITY, OK 73102

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

12/13/2004

Loan Approval Gross Amount

$393,500

Loan Approval from the SBA

Of the total $393,500 loan amount, the SBA guaranteed $295,125.

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 41 employees. This SBA loan request did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Bancfirst Invest Corp so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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

Equity Financing

Banks in Oklahoma City, Oklahoma

SBA Participating Banks in Oklahoma