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January 21, 2025 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Raleigh, Business Loans > Capital Bank Raleigh Business Loans > Firehouse Subs Loan | ||||
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Tips for Getting a Franchise Loan
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North Carolina Entrepreneur Secures Financing to Buy Firehouse Subs FranchiseNeed a loan to invest in a Firehouse Subs franchise? Capital Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Firehouse Subs franchise shouldn't be too tough. In 2007, Capital Bank issued an SBA franchise loan to an entrepreneur in Raleigh, North Carolina. Because Firehouse Subs was registered with the SBA's registry of franchises, this North Carolina small business loan was issued on an expedited basis. SBA Loan Borrower FIREHOUSE SUBS SBA Loan Lender CAPITAL BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide commercial loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 11/16/2007 Loan Approval Gross Amount $179,500 Loan Approval from the SBA Of the total $179,500 loan amount, the SBA guaranteed $134,625. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Firehouse Subs franchise. At the time of the loan, the company had 20 employees. This SBA loan request indicated that the loan would help generate 6 new jobs and retain 14 existing jobs. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Capital Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Banking Deregulation's Effects on Entrepreneurship Small Business Banks in Raleigh, North Carolina Browse All Business Loan Sources for North Carolina
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