Arizona Entrepreneur Secures Financing to Buy Subway Sandwich Shop Franchise
Need a loan to buy a Subway Sandwich Shop franchise? M&i Marshall & Ilsley Bank 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 2002, M&i Marshall & Ilsley Bank issued an SBA franchise loan to an entrepreneur in Phoenix, Arizona. Because Subway Sandwich Shop was registered with the SBA's registry of franchises, this Arizona small business loan was issued on an expedited basis.
SBA Loan Borrower
SUBWAY
PHOENIX, AZ 85022
SBA Loan Lender
M&I MARSHALL & ILSLEY BANK
770 N WATER ST
MILWAUKEE, WI 53202
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.
NAICS Code
722310 - Food Service Contractors
Loan Approval Date
10/17/2002
Loan Approval Gross Amount
$370,000
Loan Approval from the SBA
Of the total $370,000 loan amount, the SBA guaranteed $277,500.
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 15 employees. The loan application indicated that the loan would help generate 14 new jobs and retain 15 existing jobs.
Next Steps for Getting an SBA Loan
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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.
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