Chicopee Savings Bank Provides SBA Loan to Buy Subway Sandwich Shop Franchise
Need a loan to purchase a Subway Sandwich Shop franchise? Chicopee Savings Bank has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Springfield, Massachusetts needed money to invest in a Subway Sandwich Shop franchise back in 2004. Chicopee Savings Bank issued an SBA franchise loan. Here are the details on this Massachusetts small business loan.
SBA Loan Borrower
SUBWAY
SPRINGFIELD, MA 01104
SBA Loan Lender
CHICOPEE SAVINGS BANK
70 CENTER ST
CHICOPEE, MA 01013
This SBA business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
813910 - Business Associations
Loan Approval Date
7/9/2004
Loan Approval Gross Amount
$25,000
Loan Approval from the SBA
Of the total $25,000 loan amount, the SBA guaranteed $12,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Subway Sandwich Shop franchise. At the time of the loan, the company
had 6 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 6 existing jobs.
Next Steps for Getting an SBA Loan
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
This SBA loan was for $25,000. How would you spend $25,000 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.
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