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November 15, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Maplewood, Business Loans > Premier Bank Maplewood Business Loans > M.A.K. Subs, LLC Loan | ||||
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White Bear Lake, Minnesota Bank Loan
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Loan to Buy Subway Sandwich Shop Franchise Issued By Premier BankBorrowing money to invest in a Subway Sandwich Shop franchise? Premier Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in White Bear Lake, Minnesota needed money to invest in a Subway Sandwich Shop franchise back in 2005. Premier Bank issued an SBA franchise loan. Here are the details on this Minnesota small business loan. SBA Loan Borrower M.A.K. SUBS, LLC SBA Loan Lender PREMIER BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 4/27/2005 Loan Approval Gross Amount $183,000 Loan Approval from the SBA Of the total $183,000 loan amount, the SBA guaranteed $137,250. 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 45 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. 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: Obtaining Funding - Friends and Family SBA Banks in Maplewood, Minnesota SBA Participating Banks in Minnesota
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