New Jersey Entrepreneur Secures Financing to Buy Subway Sandwich Shop Franchise
Need money to purchase a Subway Sandwich Shop franchise? Unity Bank has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Princeton Junction, New Jersey needed money to invest in a Subway Sandwich Shop franchise back in 2003. Unity Bank issued an SBA franchise loan. Here are the details on this New Jersey small business loan.
SBA Loan Borrower
SUBWAY
PRINCETON JUNCTION, NJ 08550
SBA Loan Lender
UNITY BANK
64 OLD HWY 22
CLINTON, NJ 08809
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
722110 - Full-Service Restaurants
Loan Approval Date
12/18/2003
Loan Approval Gross Amount
$125,000
Loan Approval from the SBA
Of the total $125,000 loan amount, the SBA guaranteed $106,250.
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 2 employees. The SBA loan documents indicated that the funding would help generate 6 new jobs.
Start the Process for Getting an SBA Loan Today!
Many small businesses receive loans backed by the U.S. Small Business Administration.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Unity Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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
Small Business Loan
SBA 7A Banks in Clinton, New Jersey
Getting an SBA Loan in New Jersey