Pennstar Bank, A Division Of Provides SBA Loan to Buy Subway Sandwich Shop Franchise

Need a loan to buy a Subway Sandwich Shop franchise? Pennstar Bank, A Division Of has a history of making these loans and they are guaranteed by the SBA.

Subway Sandwich Shop franchise loans are available to Tannersville, Pennsylvania entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Pennstar Bank, A Division Of, based in Lake Ariel, Pennsylvania, issued an SBA franchise loan for a Subway Sandwich Shop franchise in 2001. We've got all the details on this Pennsylvania small business loan.

SBA Loan Borrower

SUBWAY
TANNERSVILLE, PA 18360

SBA Loan Lender

PENNSTAR BANK, A DIVISION OF
1456 LAKE ARIEL HWY, RTE 191
LAKE ARIEL, PA 18436

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.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

9/6/2001

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 an existing business. This loan was used to buy a Subway Sandwich Shop franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

We can help you find the best banks for small businesses in Tannersville or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Subway

The Art of Bootstrapping

Best Banks for Small Business in Lake Ariel, Pennsylvania

SBA Pennsylvania Lenders