Tigard, OR Entrepreneur Gets SBA Loan to Buy New York Subs Franchise

Need a loan to invest in a New York Subs franchise? Mbank has a history of making these loans and they are guaranteed by the SBA.

New York Subs franchise loans are available to Tigard, Oregon entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Mbank, based in Gresham, Oregon, issued an SBA franchise loan for a New York Subs franchise in 2003. We've got all the details on this Oregon small business loan.

SBA Loan Borrower

NEW YORK, NY FRESH DELI
TIGARD, OR 97224

SBA Loan Lender

MBANK
1290 NE BURNSIDE
GRESHAM, OR 97030

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

12/9/2003

Loan Approval Gross Amount

$59,200

Loan Approval from the SBA

Of the total $59,200 loan amount, the SBA guaranteed $50,320.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a New York Subs franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This SBA loan was for $59,200. How would you spend $59,200 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

New York Subs Fresh Deli

Microlending as a Small Business Funding Source

Small Business Banks in Gresham, Oregon

SBA Participating Banks in Oregon