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May 17, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Dallas, Business Loans > Comerica Bank Dallas Business Loans > Elma Subway Loan | ||||
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How Can I Buy a Franchise in Elma, Washington?
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Elma, WA Entrepreneur Gets SBA Loan to Buy Subway Sandwich Shop FranchiseNeed money to buy a Subway Sandwich Shop franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Subway Sandwich Shop franchise? If so, here's a 2003 SBA franchise loan that you should know about. Comerica Bank was the lender and the entrepreneur was based in Elma, Washington. SBA Loan Borrower ELMA SUBWAY SBA Loan Lender COMERICA BANK This lender provides SBA loan for small businesses 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 1/29/2003 Loan Approval Gross Amount $154,000 Loan Approval from the SBA Of the total $154,000 loan amount, the SBA guaranteed $115,500. 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 18 employees. The loan application indicated that the loan would help generate 10 new jobs and retain 28 existing jobs. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. While you may be able to borrow money from friends and family, 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: Find an SBA Lender in Dallas, Texas
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