Banco Popular De Puerto Rico Provides SBA Loan to Buy Subway Sandwich Shop Franchise

Borrowing money to buy a Subway Sandwich Shop franchise? Banco Popular De Puerto Rico has a history of making these loans and they are guaranteed by the SBA.

Subway Sandwich Shop franchise loans are available to Saint Thomas, entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Banco Popular De Puerto Rico, based in San Juan, , issued an SBA franchise loan for a Subway Sandwich Shop franchise in 2002. We've got all the details on this small business loan.

SBA Loan Borrower

ALLISON PETRUS & BEVERLY PETRU
SAINT THOMAS, VI 00802

SBA Loan Lender

BANCO POPULAR DE PUERTO RICO
209 MUNOZ RIVERA AVE, POPULAR
SAN JUAN, PR 00918

This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

8/29/2002

Loan Approval Gross Amount

$131,250

Loan Approval from the SBA

Of the total $131,250 loan amount, the SBA guaranteed $111,562.

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 7 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

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.

This SBA loan was for $131,250. How would you spend $131,250 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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.

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