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May 5, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Elizabethton, Business Loans > Citizens Bank Elizabethton Business Loans > Firehouse Subs Loan | ||||
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I Need a Loan to Buy a Franchise in Knoxville, Tennessee
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Knoxville, TN Entrepreneur Gets SBA Loan to Buy Firehouse Subs FranchiseBorrowing money to purchase a Firehouse Subs franchise? Citizens Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Firehouse Subs franchise? If so, here's a 2004 SBA franchise loan that you should know about. Citizens Bank was the lender and the entrepreneur was based in Knoxville, Tennessee. SBA Loan Borrower FIREHOUSE SUBS SBA Loan Lender CITIZENS BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 6/29/2004 Loan Approval Gross Amount $135,000 Loan Approval from the SBA Of the total $135,000 loan amount, the SBA guaranteed $114,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Firehouse Subs franchise. At the time of the loan, the company had 15 employees. The SBA loan documents did not indicate that the business planned to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. This SBA loan was for $135,000. How would you spend $135,000 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: Determining Proper Capital Structure for a Business Best Banks in Elizabethton, Tennessee
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