Entrepreneur Secures Financing to Buy Subway Sandwich Shop Franchise
Borrowing money to purchase 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 San Juan, 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
SUBWAY 65 SUR
SAN JUAN, PR 00926
SBA Loan Lender
BANCO POPULAR DE PUERTO RICO
209 MUNOZ RIVERA AVE, POPULAR
SAN JUAN, PR 00918
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
11/26/2002
Loan Approval Gross Amount
$203,400
Loan Approval from the SBA
Of the total $203,400 loan amount, the SBA guaranteed $101,700.
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 10 employees. The SBA loan documents indicated that the loan would help retain 10 existing jobs.
Getting an SBA Loan For Your Business
Many small businesses receive loans backed by the U.S. Small Business Administration.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Banco Popular De Puerto Rico 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.
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