Borrow Money to Buy a D'Angelo Sandwich Shop Franchise

Need money to purchase a D'Angelo Sandwich Shop franchise? Commonwealth National Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a D'Angelo Sandwich Shop franchise may simply require a phone call to a local SBA banker. In 2003, Commonwealth National Bank issued an SBA franchise loan to an entrepreneur in Uxbridge, Massachusetts. Because D'Angelo Sandwich Shop was registered with the SBA's registry of franchises, this Massachusetts small business loan was issued on an expedited basis.

SBA Loan Borrower

D'ANGELO SANDWICH SHOP (KEEGAN
UXBRIDGE, MA 01569

SBA Loan Lender

COMMONWEALTH NATIONAL BANK
33 WALDO ST
WORCESTER, MA 01608

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

12/11/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a D'Angelo Sandwich Shop franchise. At the time of the loan, the company had 6 employees. This SBA loan request did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start a small business or need money for an existing business, an SBA loan can be a great funding source

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

D'Angelo Sandwich Shops

How Equity Dilution Works

Where to Get an SBA Loan in Worcester, Massachusetts

Getting an SBA Loan in Massachusetts