Pembroke Pines, FL Entrepreneur Gets SBA Loan to Buy Schlotzsky's Sandwich Shop Franchise

Need a loan to invest in a Schlotzsky's Sandwich Shop franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Schlotzsky's Sandwich Shop franchise requires some effort but others before you have been successful. In 2000, Cit Small Business Lending Corp issued an SBA franchise loan to an entrepreneur in Pembroke Pines, Florida. Because Schlotzsky's Sandwich Shop was registered with the SBA's registry of franchises, this Florida small business loan was issued on an expedited basis.

SBA Loan Borrower

SCHLOTZSKY'S DELI
PEMBROKE PINES, FL

SBA Loan Lender

CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039

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.

SIC Code

5812 - Eating Places

Loan Approval Date

3/31/2000

Loan Approval Gross Amount

$1,620,000

Loan Approval from the SBA

Of the total $1,620,000 loan amount, the SBA guaranteed $749,995.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Schlotzsky's Sandwich Shop franchise. At the time of the loan, the company had 20 employees. The SBA loan documents indicated that the loan would help create 20 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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 $1,620,000 loan. Remember, where there is a will, there is a way!

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:

Schlotzsky's Deli

Attracting Investors

SBA 7A Banks for Livingston, New Jersey Loans

New Jersey SBA 7A Lenders