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May 1, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Panama City, Business Loans > Peoples First Community Bank Panama City Business Loans > Firehouse Subs Loan | ||||
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Lynn Haven, Florida Bank Loan
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Peoples First Community Bank Provides SBA Loan to Buy Firehouse Subs FranchiseNeed a loan to buy a Firehouse Subs franchise? Peoples First Community Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Lynn Haven, Florida needed money to invest in a Firehouse Subs franchise back in 2002. Peoples First Community Bank issued an SBA franchise loan. Here are the details on this Florida small business loan. SBA Loan Borrower FIREHOUSE SUBS SBA Loan Lender PEOPLES FIRST COMMUNITY BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. 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 10/7/2002 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $63,750. 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 loan application did not indicate that the company promised to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Find an SBA Lender in Panama City, Florida Getting an SBA Loan in Florida
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