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January 22, 2025 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Mclean, Business Loans > Capital One Mclean Business Loans > Hinds Foods, Inc. Dba Schlot Loan | ||||
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Tips for Getting a Franchise Loan
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Loan to Buy Schlotzsky's Sandwich Shop Franchise Issued By Capital OneNeed a loan to buy a Schlotzsky's Sandwich Shop franchise? Capital One has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Tuscaloosa, Alabama needed money to invest in a Schlotzsky's Sandwich Shop franchise back in 2005. Capital One issued an SBA franchise loan. Here are the details on this Alabama small business loan. SBA Loan Borrower HINDS FOODS, INC. DBA SCHLOT SBA Loan Lender CAPITAL ONE This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 3/28/2005 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Schlotzsky's Sandwich Shop franchise. At the time of the loan, the company had 26 employees. This SBA loan request indicated that the loan would help retain 26 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. 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: Determining Proper Capital Structure for a Business Where to Get an SBA Loan in Mclean, Virginia Getting a Business Loan in Virginia
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