Winter Park, FL Entrepreneur Gets SBA Loan to Buy Firehouse Subs Franchise

Borrowing money to invest in a Firehouse Subs franchise? First Florida Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Firehouse Subs franchise shouldn't be too tough. In 2005, First Florida Bank issued an SBA franchise loan to an entrepreneur in Winter Park, Florida. Because Firehouse Subs was registered with the SBA's registry of franchises, this Florida small business loan was issued on an expedited basis.

SBA Loan Borrower

FIREHOUSE SUBS OF FS
WINTER PARK, FL 32792

SBA Loan Lender

FIRST FLORIDA BANK
8850 TAMIAMI TRL NORTH
NAPLES, FL 34108

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA bank 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

4/25/2005

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 a new business. This loan was used to buy a Firehouse Subs franchise. At the time of the loan, the company had 23 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First Florida Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First Florida Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Firehouse Subs

SBIR Funding

SBA 7A Banks in Naples, Florida

Find an SBA Lender in Florida