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May 4, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Valdosta, Business Loans > Ameris Bank Valdosta Business Loans > Subway Loan | ||||
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Valdosta, Georgia Bank for SBA Loans
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Loan to Buy Subway Sandwich Shop Franchise Issued By Ameris BankBorrowing money to buy a Subway Sandwich Shop franchise? Ameris Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Valdosta, Georgia needed money to invest in a Subway Sandwich Shop franchise back in 2002. Ameris Bank issued an SBA franchise loan. Here are the details on this Georgia small business loan. SBA Loan Borrower SUBWAY SBA Loan Lender AMERIS BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 1/10/2002 Loan Approval Gross Amount $111,414 Loan Approval from the SBA Of the total $111,414 loan amount, the SBA guaranteed $94,701. 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 11 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. 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: Banking Deregulation's Effects on Entrepreneurship
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