Loan to Buy Cousins Submarines restaurant Franchise Issued By Voyager Bank

Need money to purchase a Cousins Submarines restaurant franchise? Voyager Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Shakopee, Minnesota and are interested in buying a Cousins Submarines restaurant franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2000 by Voyager Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

COUSINS SUBS
SHAKOPEE, MN 55379

SBA Loan Lender

VOYAGER BANK
500 MARSHALL RD
SHAKOPEE, MN 55379

This lender issued this particular loan for a small business 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

Loan Approval Date

8/17/2000

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $112,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Cousins Submarines restaurant franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees.

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

Every year, the SBA guarantees over $10 billion for loans just like this one.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Cousins Subs

The Friends and Family Network

Small Business Banks in Shakopee, Minnesota

SBA Minnesota Banks