Texas Entrepreneur Secures Financing to Buy Subway Sandwich Shop Franchise
Borrowing money to purchase a Subway Sandwich Shop franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.
Subway Sandwich Shop franchise loans are available to Terrell, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wells Fargo Bank, based in Terrell, Texas, issued an SBA franchise loan for a Subway Sandwich Shop franchise in 2001. We've got all the details on this Texas small business loan.
SBA Loan Borrower
SUBWAY
TERRELL, TX 75160
SBA Loan Lender
WELLS FARGO BANK
112 N CATHERINE ST
TERRELL, TX 75160
This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
2/26/2001
Loan Approval Gross Amount
$57,000
Loan Approval from the SBA
Of the total $57,000 loan amount, the SBA guaranteed $48,450.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Subway Sandwich Shop franchise. At the time of the loan, the company
had 9 employees. The loan application did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great way to raise money
We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.
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
How Equity Dilution Works
Where to Get an SBA Loan in Terrell, Texas
SBA Lenders in Texas