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May 17, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Edison, Business Loans > Unity Bank Edison Business Loans > Subway Loan | ||||
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Unity Bank Franchise Business Loans
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Borrow Money to Buy a Subway Sandwich Shop FranchiseNeed a loan to purchase a Subway Sandwich Shop franchise? Unity Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Mercerville, New Jersey needed money to invest in a Subway Sandwich Shop franchise back in 2005. Unity Bank issued an SBA franchise loan. Here are the details on this New Jersey small business loan. SBA Loan Borrower SUBWAY SBA Loan Lender UNITY BANK This lender issued this business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. 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 3/28/2005 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 5 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? 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: SBA 7A Banks for Edison, New Jersey Loans
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