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May 14, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Fremont, Business Loans > Fremont National Bank & Trust Fremont Business Loans > Blimpies Subs & Sandwiches Loan | ||||
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Raising Money in Council Bluffs, Iowa With SBA Loans
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Council Bluffs, IA Entrepreneur Gets SBA Loan to Buy Blimpie FranchiseNeed a loan to purchase a Blimpie franchise? Fremont National Bank & Trust has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Blimpie franchise shouldn't be too tough. In 2005, Fremont National Bank & Trust issued an SBA franchise loan to an entrepreneur in Council Bluffs, Iowa. Because Blimpie was registered with the SBA's registry of franchises, this Iowa small business loan was issued on an expedited basis. SBA Loan Borrower BLIMPIES SUBS & SANDWICHES SBA Loan Lender FREMONT NATIONAL BANK & TRUST This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 4/12/2005 Loan Approval Gross Amount $187,500 Loan Approval from the SBA Of the total $187,500 loan amount, the SBA guaranteed $140,625. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Blimpie franchise. At the time of the loan, the company had 6 employees. The SBA loan documents did not indicate that the small business promised to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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. Related Links: Best Banks in Fremont, Nebraska
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