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November 21, 2024  
 
 
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Where to Get an SBA Loan to Purchase a Franchise

 

 
Loan Census SBA Loan Info

Kansas Entrepreneur Secures Financing to Buy Schlotzsky's Sandwich Shop Franchise

Need a loan to buy a Schlotzsky's Sandwich Shop franchise? Loans From Old Closed Lenders has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Schlotzsky's Sandwich Shop franchise shouldn't be too tough. In 2000, Loans From Old Closed Lenders issued an SBA franchise loan to an entrepreneur in Shawnee, Kansas. Because Schlotzsky's Sandwich Shop was registered with the SBA's registry of franchises, this Kansas small business loan was issued on an expedited basis.

SBA Loan Borrower

SCHLOTZSKY'S DELI
SHAWNEE, KS 66216

SBA Loan Lender

LOANS FROM OLD CLOSED LENDERS
409 3RD STREET S.W., SUITE 83
WASHINGTON, DC 20416

This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

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

$1,570,600

Loan Approval from the SBA

Of the total $1,570,600 loan amount, the SBA guaranteed $749,992.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Schlotzsky's Sandwich Shop franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 48 new jobs and retain 2 existing jobs.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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:

Schlotzsky's Deli

Obtaining Funding - Friends and Family

Who Lends Money to Small Businesses in Washington, District of Columbia

District of Columbia SBA Banks