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April 23, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Roseville, Business Loans > Wachovia Sba Lending, Inc. Roseville Business Loans > Hrk Subs Inc Loan | ||||
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Where to Get a Small Business Loan to Purchase a Franchise
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Birmingham, AL Entrepreneur Gets SBA Loan to Buy Subway Sandwich Shop FranchiseNeed a loan to purchase a Subway Sandwich Shop franchise? Wachovia Sba Lending, Inc. has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Subway Sandwich Shop franchise may simply require a phone call to a local SBA banker. In 2007, Wachovia Sba Lending, Inc. issued an SBA franchise loan to an entrepreneur in Birmingham, Alabama. Because Subway Sandwich Shop was registered with the SBA's registry of franchises, this Alabama small business loan was issued on an expedited basis. SBA Loan Borrower HRK SUBS INC SBA Loan Lender WACHOVIA SBA LENDING, INC. This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 8/15/2007 Loan Approval Gross Amount $1,162,500 Loan Approval from the SBA Of the total $1,162,500 loan amount, the SBA guaranteed $871,875. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Subway Sandwich Shop franchise. At the time of the loan, the company had 52 employees. The SBA loan documents indicated that the loan would help retain 52 existing jobs. Next Steps for Getting an SBA Loan SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Wachovia Sba Lending, Inc. and they will explain how you can get an SBA loan for your company. 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: Banks in Roseville, California Where to Get an SBA Loan California
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