Borrow Money to Buy a Schlotzsky's Sandwich Shop Franchise

Need a loan to purchase a Schlotzsky's Sandwich Shop franchise? Wright Patt Cu Inc has a history of making these loans and they are guaranteed by the SBA.

Schlotzsky's Sandwich Shop franchise loans are available to Springboro, Ohio entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wright Patt Cu Inc, based in Fairborn, Ohio, issued an SBA franchise loan for a Schlotzsky's Sandwich Shop franchise in 2007. We've got all the details on this Ohio small business loan.

SBA Loan Borrower

SCHLOTZSKY'S DELI
SPRINGBORO, OH 45066

SBA Loan Lender

WRIGHT PATT CU INC
2455 EXECUTIVE PARK BLVD
FAIRBORN, OH 45324

This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

4/16/2007

Loan Approval Gross Amount

$270,000

Loan Approval from the SBA

Of the total $270,000 loan amount, the SBA guaranteed $202,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Schlotzsky's Sandwich Shop franchise. At the time of the loan, the company had 8 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 7 existing jobs.

Next Steps for Getting an SBA Loan

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

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Wright Patt Cu Inc and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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

Advice on Getting a Small Business Loan

SBA Banks in Fairborn, Ohio

Getting a Business Loan in Ohio