North Carolina Entrepreneur Secures Financing to Buy Mr. Hero Sandwich Shop Franchise

Need money to buy a Mr. Hero Sandwich Shop franchise? Self-Help Cu has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Stallings, North Carolina needed money to invest in a Mr. Hero Sandwich Shop franchise back in 2002. Self-Help Cu issued an SBA franchise loan. Here are the details on this North Carolina small business loan.

SBA Loan Borrower

MR. HERO
STALLINGS, NC 28104

SBA Loan Lender

SELF-HELP CU
301 W MAIN ST
DURHAM, NC 27701

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA bank loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

6/18/2002

Loan Approval Gross Amount

$55,000

Loan Approval from the SBA

Of the total $55,000 loan amount, the SBA guaranteed $46,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Mr. Hero Sandwich Shop franchise. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Self-Help Cu are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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