Colorado Entrepreneur Secures Financing to Buy Blimpie Franchise

Borrowing money to buy a Blimpie franchise? Alpine Bank has a history of making these loans and they are guaranteed by the SBA.

Blimpie franchise loans are available to Steam Boat Springs, Colorado entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Alpine Bank, based in Steamboat Springs, Colorado, issued an SBA franchise loan for a Blimpie franchise in 2001. We've got all the details on this Colorado small business loan.

SBA Loan Borrower

BLIMPIE SUBS & SALADS
STEAM BOAT SPRINGS, CO 80477

SBA Loan Lender

ALPINE BANK
1901 PINE GROVE RD
STEAMBOAT SPRINGS, CO 80477

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

12/28/2001

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 Blimpie franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Many small businesses receive loans backed by the U.S. Small Business Administration.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Alpine Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Alpine Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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