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April 25, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Villanova, Business Loans > Sovereign Bank Villanova Business Loans > Akbar & Sons, LLC Loan | ||||
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I Need a Small Business Loan to Buy a Franchise in Hartford, Connecticut
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Sovereign Bank Provides SBA Loan to Buy Subway Sandwich Shop FranchiseNeed money to purchase a Subway Sandwich Shop franchise? Sovereign Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Hartford, Connecticut needed money to invest in a Subway Sandwich Shop franchise back in 2005. Sovereign Bank issued an SBA franchise loan. Here are the details on this Connecticut small business loan. SBA Loan Borrower AKBAR & SONS, LLC SBA Loan Lender SOVEREIGN BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 7/13/2005 Loan Approval Gross Amount $35,000 Loan Approval from the SBA Of the total $35,000 loan amount, the SBA guaranteed $17,500. 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 8 employees. This SBA loan request indicated that the loan would help retain 8 existing jobs. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. This SBA loan was for $35,000. How would you spend $35,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Good Banks for Small Business in Villanova, Pennsylvania
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