 |
 |
May 3, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Little Rock, Business Loans > Metropolitan National Bank Little Rock Business Loans > Firehouse Subs Loan | ||||
 |
||||
Bryant, Arkansas Bank Loan
|
||||
 |
Arkansas Entrepreneur Secures Financing to Buy Firehouse Subs FranchiseNeed money to invest in a Firehouse Subs franchise? Metropolitan National Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Firehouse Subs franchise may simply require a phone call to a local SBA banker. In 2005, Metropolitan National Bank issued an SBA franchise loan to an entrepreneur in Bryant, Arkansas. Because Firehouse Subs was registered with the SBA's registry of franchises, this Arkansas small business loan was issued on an expedited basis. SBA Loan Borrower FIREHOUSE SUBS SBA Loan Lender METROPOLITAN NATIONAL BANK This lender issued this particular debt financing under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 7/19/2005 Loan Approval Gross Amount $149,000 Loan Approval from the SBA Of the total $149,000 loan amount, the SBA guaranteed $126,650. 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 18 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Although it's called an SBA loan, you 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. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $149,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Best Banks for Small Business in Little Rock, Arkansas SBA Participating Banks in Arkansas
|
|
||
|
||||
|
|
||||