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May 2, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Truckee, Business Loans > Bank Of The West Truckee Business Loans > Subway #3854 Loan | ||||
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Good Sources for Sacramento SBA Loans
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Borrow Money to Buy a Subway Sandwich Shop FranchiseBorrowing money to purchase a Subway Sandwich Shop franchise? Bank Of The West has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Sacramento, California needed money to invest in a Subway Sandwich Shop franchise back in 2003. Bank Of The West issued an SBA franchise loan. Here are the details on this California small business loan. SBA Loan Borrower SUBWAY #3854 SBA Loan Lender BANK OF THE WEST As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 6/12/2003 Loan Approval Gross Amount $287,800 Loan Approval from the SBA Of the total $287,800 loan amount, the SBA guaranteed $215,850. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Subway Sandwich Shop franchise. At the time of the loan, the company had 8 employees. This SBA loan request indicated that the loan would help generate 8 new jobs and retain 16 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Bank Of The West are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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 Banks in Truckee, California Browse All Business Loan Sources for California
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