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May 5, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > Myrtle Beach, Business Loans > Beach First National Bank Myrtle Beach Business Loans > Firehouse Subs Loan | ||||
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Is It Possible to Borrow Money for a Franchise in Myrtle Beach, South Carolina?
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Beach First National Bank Provides SBA Loan to Buy Firehouse Subs FranchiseNeed money to buy a Firehouse Subs franchise? Beach First National Bank has a history of making these loans and they are guaranteed by the SBA. Firehouse Subs franchise loans are available to Myrtle Beach, South Carolina entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Beach First National Bank, based in Myrtle Beach, South Carolina, issued an SBA franchise loan for a Firehouse Subs franchise in 2006. We've got all the details on this South Carolina small business loan. SBA Loan Borrower FIREHOUSE SUBS SBA Loan Lender BEACH FIRST NATIONAL BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business 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 3/21/2006 Loan Approval Gross Amount $430,000 Loan Approval from the SBA Of the total $430,000 loan amount, the SBA guaranteed $322,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Firehouse Subs 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 promised to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Raising VC Money for Social Networking Companies Who Lends Money to Small Businesses in Myrtle Beach, South Carolina Browse All Business Loan Sources for South Carolina
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