Vernon, CT Entrepreneur Gets SBA Loan to Buy Blimpie Franchise

Borrowing money to invest in a Blimpie franchise? Rockville Bank has a history of making these loans and they are guaranteed by the SBA.

Blimpie franchise loans are available to Vernon, Connecticut entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Rockville Bank, based in Rockville, Connecticut, issued an SBA franchise loan for a Blimpie franchise in 2000. We've got all the details on this Connecticut small business loan.

SBA Loan Borrower

BLIMPIE SUBS AND SALADS
VERNON, CT 06066

SBA Loan Lender

ROCKVILLE BANK
25 PARK ST
ROCKVILLE, CT 06066

This lender issued this particular SBA small business 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.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

12/5/2000

Loan Approval Gross Amount

$148,000

Loan Approval from the SBA

Of the total $148,000 loan amount, the SBA guaranteed $111,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Blimpie franchise. At the time of the loan, the company had 15 employees. The loan application did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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.

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