Starke, FL Entrepreneur Gets SBA Loan to Buy Larry's Giant Subs Franchise

Need money to purchase a Larry's Giant Subs franchise? First Coast Community Bank has a history of making these loans and they are guaranteed by the SBA.

Larry's Giant Subs franchise loans are available to Starke, Florida entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First Coast Community Bank, based in Fernandina Beach, Florida, issued an SBA franchise loan for a Larry's Giant Subs franchise in 2002. We've got all the details on this Florida small business loan.

SBA Loan Borrower

LARRY'S GIANT SUBS
STARKE, FL 32091

SBA Loan Lender

FIRST COAST COMMUNITY BANK
1750 S 14TH ST
FERNANDINA BEACH, FL 32034

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

12/4/2002

Loan Approval Gross Amount

$95,000

Loan Approval from the SBA

Of the total $95,000 loan amount, the SBA guaranteed $80,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Larry's Giant Subs franchise. At the time of the loan, the company had 4 employees. The SBA loan documents indicated that the loan would help retain 4 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you need business start up money in Starke FL, you ought to talk with a local Starke SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Starke businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Coast Community Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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