Rome, GA Entrepreneur Gets SBA Loan to Buy Firehouse Subs Franchise

Borrowing money to buy a Firehouse Subs franchise? Citizens Bank & Tr - W. Georgia has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Firehouse Subs franchise? If so, here's a 2007 SBA franchise loan that you should know about. Citizens Bank & Tr - W. Georgia was the lender and the entrepreneur was based in Rome, Georgia.

SBA Loan Borrower

FIREHOUSE SUBS
ROME, GA 30162

SBA Loan Lender

CITIZENS BANK & TR - W. GEORGIA
115 COLLEGE ST
CARROLLTON, GA 30117

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

722211 - Limited-Service Restaurants

Loan Approval Date

9/28/2007

Loan Approval Gross Amount

$291,000

Loan Approval from the SBA

Of the total $291,000 loan amount, the SBA guaranteed $218,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Firehouse Subs franchise. At the time of the loan, the company had 18 employees. The loan application indicated that the loan would help generate 43 new jobs and retain 18 existing jobs.

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

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Citizens Bank & Tr - W. Georgia had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Citizens Bank & Tr - W. Georgia made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Firehouse Subs

Obtaining Funding - How to Borrow Money

SBA 7A Banks for Carrollton, Georgia Loans

Find an SBA Lender in Georgia