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May 4, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Garland, Business Loans > United Central Bank Garland Business Loans > Subway Loan | ||||
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United Central Bank Small Business Franchise Loan
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Loan to Buy Subway Sandwich Shop Franchise Issued By United Central BankNeed money to purchase a Subway Sandwich Shop franchise? United Central Bank has a history of making these loans and they are guaranteed by the SBA. Subway Sandwich Shop franchise loans are available to Chicago, Illinois entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, United Central Bank, based in Garland, Texas, issued an SBA franchise loan for a Subway Sandwich Shop franchise in 2007. We've got all the details on this Illinois small business loan. SBA Loan Borrower SUBWAY SBA Loan Lender UNITED CENTRAL BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 4/12/2007 Loan Approval Gross Amount $293,500 Loan Approval from the SBA Of the total $293,500 loan amount, the SBA guaranteed $220,125. 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 only one employee. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 6 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Who Lends Money to Small Businesses in Garland, Texas
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