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May 5, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Mclean, Business Loans > Capital One Mclean Business Loans > Elston, LLC Dba Subway Loan | ||||
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Capital One SBA Franchise Loans
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Louisville, KY Entrepreneur Gets SBA Loan to Buy Subway Sandwich Shop FranchiseNeed money to invest in a Subway Sandwich Shop franchise? Capital One has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Subway Sandwich Shop franchise may simply require a phone call to a local SBA banker. In 2006, Capital One issued an SBA franchise loan to an entrepreneur in Louisville, Kentucky. Because Subway Sandwich Shop was registered with the SBA's registry of franchises, this Kentucky small business loan was issued on an expedited basis. SBA Loan Borrower ELSTON, LLC DBA SUBWAY SBA Loan Lender CAPITAL ONE 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 1/31/2006 Loan Approval Gross Amount $15,000 Loan Approval from the SBA Of the total $15,000 loan amount, the SBA guaranteed $7,500. 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 11 employees. The SBA loan documents indicated that the loan would help retain 11 existing jobs. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Borrowing Money from Friends and Family SBA Participating Banks in Mclean, Virginia
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