Loan to Buy Blimpie Franchise Issued By International Bank Of Commerce

Borrowing money to invest in a Blimpie franchise? International Bank Of Commerce has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Blimpie franchise? If so, here's a 2007 SBA franchise loan that you should know about. International Bank Of Commerce was the lender and the entrepreneur was based in Mcallen, Texas.

SBA Loan Borrower

BLIMBIE SUBS & SURF CITY SQUEE
MCALLEN, TX 78501

SBA Loan Lender

INTERNATIONAL BANK OF COMMERCE
ONE S BROADWAY
MCALLEN, TX 78501

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

6/25/2007

Loan Approval Gross Amount

$160,000

Loan Approval from the SBA

Of the total $160,000 loan amount, the SBA guaranteed $120,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Blimpie franchise. At the time of the loan, the company had 7 employees. This SBA loan request indicated that the loan would help create 7 new jobs.

Getting an SBA Loan For Your Business

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Blimpie Subs & Salads

The Art of Bootstrapping

SBA 7A Lenders in Mcallen, Texas

Getting an SBA Loan in Texas