Borrow Money to Buy a Subway Sandwich Shop Franchise
Borrowing money to invest in a Subway Sandwich Shop franchise? Community So. Bank D.B.A Commun has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Sanger, California needed money to invest in a Subway Sandwich Shop franchise back in 2007. Community So. Bank D.B.A Commun issued an SBA franchise loan. Here are the details on this California small business loan.
SBA Loan Borrower
SUBWAY
SANGER, CA 93657
SBA Loan Lender
COMMUNITY SO. BANK D.B.A COMMUN
51 W MAIN ST
PARSONS, TN 38363
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
9/5/2007
Loan Approval Gross Amount
$234,000
Loan Approval from the SBA
Of the total $234,000 loan amount, the SBA guaranteed $175,500.
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 5 employees. The SBA loan application for the borrower indicated that the borrowed money would help create 5 new jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
This SBA loan was for $234,000. How would you spend $234,000 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.
Related Links:
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Getting an SBA Loan in Tennessee