Metropacific Bank Provides SBA Loan to Buy Subway Sandwich Shop Franchise
Need money to purchase a Subway Sandwich Shop franchise? Metropacific Bank has a history of making these loans and they are guaranteed by the SBA.
If you live near La Mesa, California and are interested in buying a Subway Sandwich Shop franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by Metropacific Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.
SBA Loan Borrower
BARRY CAPITAL, INC. DBA SUBWAY # 40248 & #
La Mesa, CA 91941
SBA Loan Lender
METROPACIFIC BANK
18831 VON KARMAN AVE, STE 101
IRVINE, CA 92612
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
10/17/2006
Loan Approval Gross Amount
$307,000
Loan Approval from the SBA
Of the total $307,000 loan amount, the SBA guaranteed $230,250.
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 48 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans provide smart, affordable business financing for small businesses looking to expand.
This SBA loan was for $307,000. How would you spend $307,000 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.
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