Borrow Money to Buy a Subway Sandwich Shop Franchise

Borrowing money to purchase a Subway Sandwich Shop franchise? First Farmers & Merchants Natl has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Subway Sandwich Shop franchise? If so, here's a 2004 SBA franchise loan that you should know about. First Farmers & Merchants Natl was the lender and the entrepreneur was based in Pipestone, Minnesota.

SBA Loan Borrower

WALLIN MANAGEMENT
PIPESTONE, MN 56164

SBA Loan Lender

FIRST FARMERS & MERCHANTS NATL
107 E MAIN
PIPESTONE, MN 56164

This lender issued this business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 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.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

2/17/2004

Loan Approval Gross Amount

$254,700

Loan Approval from the SBA

Of the total $254,700 loan amount, the SBA guaranteed $191,025.

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 17 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you want money for new small business in Pipestone MN, you ought to talk with a local Pipestone SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Pipestone businesses.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? 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:

Subway

Role of Business Plan When Raising Money

SBA Approved Banks in Pipestone, Minnesota

Minnesota SBA 7A Lenders