Franklin, TN Entrepreneur Gets SBA Loan to Buy Lenny's Sub Shop Franchise

Need money to invest in a Lenny's Sub Shop franchise? Pinnacle National Bank has a history of making these loans and they are guaranteed by the SBA.

Lenny's Sub Shop franchise loans are available to Franklin, Tennessee entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Pinnacle National Bank, based in Brentwood, Tennessee, issued an SBA franchise loan for a Lenny's Sub Shop franchise in 2004. We've got all the details on this Tennessee small business loan.

SBA Loan Borrower

LENNY'S SUB SHOP
FRANKLIN, TN 37064

SBA Loan Lender

PINNACLE NATIONAL BANK
1717 MALLORY LN
BRENTWOOD, TN 37027

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

9/28/2004

Loan Approval Gross Amount

$131,250

Loan Approval from the SBA

Of the total $131,250 loan amount, the SBA guaranteed $111,562.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Lenny's Sub Shop franchise. At the time of the loan, the company had 17 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Pinnacle National Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Pinnacle National Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Lenny's Sub Shop

Raising Venture Capital

Small Bank Loans in Brentwood, Tennessee

SBA Participating Banks in Tennessee