Tallahassee, FL Entrepreneur Gets SBA Loan to Buy Firehouse Subs Franchise

Need money to purchase a Firehouse Subs franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Firehouse Subs franchise requires some effort but others before you have been successful. In 2003, Bank Of America issued an SBA franchise loan to an entrepreneur in Tallahassee, Florida. Because Firehouse Subs was registered with the SBA's registry of franchises, this Florida small business loan was issued on an expedited basis.

SBA Loan Borrower

FIREHOUSE SUBS
TALLAHASSEE, FL 32317

SBA Loan Lender

BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255

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

3/5/2003

Loan Approval Gross Amount

$182,600

Loan Approval from the SBA

Of the total $182,600 loan amount, the SBA guaranteed $136,950.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Firehouse Subs franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 16 new jobs and retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you want money for new small business in Tallahassee FL, you ought to talk with a local Tallahassee SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Tallahassee businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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.

Related Links:

Firehouse Subs

Obtaining Funding - How to Borrow Money

SBA 7A Banks for Charlotte, North Carolina Loans

Getting an SBA Loan in North Carolina