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November 15, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Water Valley, Business Loans > Regions Bank Water Valley Business Loans > Subway # 30009 Loan | ||||
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Where to Get a Bank Loan to Purchase a Franchise
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Mississippi Entrepreneur Secures Financing to Buy Subway Sandwich Shop FranchiseBorrowing money to buy a Subway Sandwich Shop franchise? Regions Bank has a history of making these loans and they are guaranteed by the SBA. Subway Sandwich Shop franchise loans are available to South Haven, Mississippi entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Regions Bank, based in Water Valley, Mississippi, issued an SBA franchise loan for a Subway Sandwich Shop franchise in 2003. We've got all the details on this Mississippi small business loan. SBA Loan Borrower SUBWAY # 30009 SBA Loan Lender REGIONS BANK This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 6/11/2003 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 10 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This SBA loan was for $150,000. How would you spend $150,000 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: Realistic Debt Financing Options Small Business Banks in Water Valley, Mississippi
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