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May 1, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > San Diego, Business Loans > U.S. Bank National Association San Diego Business Loans > Subway Of Mercer Loan | ||||
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Mercer, Wisconsin Bank for SBA Loans
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U.S. Bank National Association Provides SBA Loan to Buy Subway Sandwich Shop FranchiseBorrowing money to purchase a Subway Sandwich Shop franchise? U.S. Bank National Association has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Mercer, Wisconsin needed money to invest in a Subway Sandwich Shop franchise back in 2003. U.S. Bank National Association issued an SBA franchise loan. Here are the details on this Wisconsin small business loan. SBA Loan Borrower SUBWAY OF MERCER SBA Loan Lender U.S. BANK NATIONAL ASSOCIATION This commercial loan was issued under the SBA's Certified Lenders Program (CLP), which means that the lender has a successful SBA lending history and are well trained in SBA policies and procedures. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 8/26/2003 Loan Approval Gross Amount $287,500 Loan Approval from the SBA Of the total $287,500 loan amount, the SBA guaranteed $215,625. 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 only one employee. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. 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: Borrowing Money from Friends and Family SBA 7A Banks for San Diego, California Loans
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