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November 15, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Naples, Business Loans > First Florida Bank Naples Business Loans > Firehouse Subs Loan | ||||
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Where to Get an SBA Loan to Purchase a Franchise
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Saint Cloud, FL Entrepreneur Gets SBA Loan to Buy Firehouse Subs FranchiseNeed money to purchase a Firehouse Subs franchise? First Florida Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Saint Cloud, Florida needed money to invest in a Firehouse Subs franchise back in 2005. First Florida Bank issued an SBA franchise loan. Here are the details on this Florida small business loan. SBA Loan Borrower FIREHOUSE SUBS SBA Loan Lender FIRST FLORIDA BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 4/14/2005 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 22 employees. This SBA loan request did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Role of Business Plan When Raising Money
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