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November 15, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Lynden, Business Loans > Peoples Bank Lynden Business Loans > R&e Services, LLC Loan | ||||
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Where Can I Find Franchise Loans in Quincy, Washington?
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Quincy, WA Entrepreneur Gets SBA Loan to Buy Subway Sandwich Shop FranchiseBorrowing money to invest in a Subway Sandwich Shop franchise? Peoples Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Quincy, Washington needed money to invest in a Subway Sandwich Shop franchise back in 2005. Peoples Bank issued an SBA franchise loan. Here are the details on this Washington small business loan. SBA Loan Borrower R&E SERVICES, LLC SBA Loan Lender PEOPLES BANK This lender provides SBA 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 8/4/2005 Loan Approval Gross Amount $256,000 Loan Approval from the SBA Of the total $256,000 loan amount, the SBA guaranteed $192,000. 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 6 employees. The SBA loan application for the borrower indicated that the loan would help generate 6 new jobs and retain 5 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Who Lends Money to Small Businesses in Lynden, Washington
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