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May 16, 2024 |
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| Home > Small Business Lenders by State > West Virginia Business Loan Sources > Shepherdstown, Business Loans > Jefferson Security Bank Shepherdstown Business Loans > Clark Enterprises, Inc. Loan | ||||
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Inwood, West Virginia Bank Loan
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Borrow Money to Buy a Subway Sandwich Shop FranchiseBorrowing money to buy a Subway Sandwich Shop franchise? Jefferson Security Bank has a history of making these loans and they are guaranteed by the SBA. Subway Sandwich Shop franchise loans are available to Inwood, West Virginia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Jefferson Security Bank, based in Shepherdstown, West Virginia, issued an SBA franchise loan for a Subway Sandwich Shop franchise in 2005. We've got all the details on this West Virginia small business loan. SBA Loan Borrower CLARK ENTERPRISES, INC. SBA Loan Lender JEFFERSON SECURITY BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide 7A business loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 2/2/2005 Loan Approval Gross Amount $175,000 Loan Approval from the SBA Of the total $175,000 loan amount, the SBA guaranteed $131,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Subway Sandwich Shop franchise. At the time of the loan, the company had 7 employees. This SBA loan request did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Jefferson Security Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Jefferson Security Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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 Shepherdstown, West Virginia SBA Participating Banks in West Virginia
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