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May 13, 2024 |
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| Home > Small Business Lenders by State > Vermont Business Loan Sources > Saint Johnsbury, Business Loans > Passumpsic Savings Bank Saint Johnsbury Business Loans > Eric Berry And Jade Cam Subway, Inc Loan | ||||
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I Need an SBA 7A Loan to Buy a Franchise in Lyndonville, Vermont
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Vermont Entrepreneur Secures Financing to Buy Subway Sandwich Shop FranchiseNeed money to buy a Subway Sandwich Shop franchise? Passumpsic Savings Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Subway Sandwich Shop franchise shouldn't be too tough. In 2006, Passumpsic Savings Bank issued an SBA franchise loan to an entrepreneur in Lyndonville, Vermont. Because Subway Sandwich Shop was registered with the SBA's registry of franchises, this Vermont small business loan was issued on an expedited basis. SBA Loan Borrower ERIC BERRY AND JADE CAM SUBWAY, INC SBA Loan Lender PASSUMPSIC SAVINGS BANK This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 4/11/2006 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. 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 12 employees. The SBA loan application for the borrower indicated that the loan would help generate 4 new jobs and retain 16 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. We've showcased information on this loan to let you know that businesses like yours 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: Best Banks in Saint Johnsbury, Vermont
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