North Carolina Entrepreneur Secures Financing to Buy Mr. Hero Sandwich Shop Franchise

Need a loan to purchase a Mr. Hero Sandwich Shop franchise? Bank Of Granite has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Mr. Hero Sandwich Shop franchise? If so, here's a 2001 SBA franchise loan that you should know about. Bank Of Granite was the lender and the entrepreneur was based in Concord, North Carolina.

SBA Loan Borrower

MR. HERO
CONCORD, NC 28269

SBA Loan Lender

BANK OF GRANITE
301 S MCDOWELL ST, STE 100
CHARLOTTE, NC 28204

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

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

12/21/2001

Loan Approval Gross Amount

$107,000

Loan Approval from the SBA

Of the total $107,000 loan amount, the SBA guaranteed $90,950.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Mr. Hero Sandwich Shop franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to increase staffing levels 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.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $107,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Equity Financing

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SBA North Carolina Banks