Loan to Buy Subway Sandwich Shop Franchise Issued By National Bank & Trust - Sycamore

Borrowing money to buy a Subway Sandwich Shop franchise? National Bank & Trust - Sycamore has a history of making these loans and they are guaranteed by the SBA.

Subway Sandwich Shop franchise loans are available to Sycamore, Illinois entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, National Bank & Trust - Sycamore, based in Sycamore, Illinois, issued an SBA franchise loan for a Subway Sandwich Shop franchise in 2000. We've got all the details on this Illinois small business loan.

SBA Loan Borrower

SUBWAY SUBS
SYCAMORE, IL 60178

SBA Loan Lender

NATIONAL BANK & TRUST - SYCAMORE
230 W STATE ST
SYCAMORE, IL 60178

This 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.

SIC Code

5812 - Eating Places

Loan Approval Date

10/11/2000

Loan Approval Gross Amount

$160,000

Loan Approval from the SBA

Of the total $160,000 loan amount, the SBA guaranteed $120,000.

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 12 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $160,000 loan. Remember, you control your own destiny.

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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