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April 28, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Salinas, Business Loans > Community Bank - Cent. Californi Salinas Business Loans > Subway Sandwich And Salad Loan | ||||
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Where to Get an SBA Loan to Purchase a Franchise
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Borrow Money to Buy a Subway Sandwich Shop FranchiseNeed money to buy a Subway Sandwich Shop franchise? Community Bank - Cent. Californi has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Salinas, California needed money to invest in a Subway Sandwich Shop franchise back in 2003. Community Bank - Cent. Californi issued an SBA franchise loan. Here are the details on this California small business loan. SBA Loan Borrower SUBWAY SANDWICH AND SALAD SBA Loan Lender COMMUNITY BANK - CENT. CALIFORNI This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 1/31/2003 Loan Approval Gross Amount $141,200 Loan Approval from the SBA Of the total $141,200 loan amount, the SBA guaranteed $120,020. 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 8 employees. The SBA loan application for the borrower indicated that the loan would help generate 10 new jobs and retain 8 existing jobs. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $141,200 loan. Remember, where there is a will, there is a way! 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:
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