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April 23, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Terrell, Business Loans > Amer National Bank - Texas Terrell Business Loans > Subway Loan | ||||
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Where to Get an SBA Loan to Purchase a Franchise
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Loan to Buy Subway Sandwich Shop Franchise Issued By Amer National Bank - TexasBorrowing money to purchase a Subway Sandwich Shop franchise? Amer National Bank - Texas has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Greenville, Texas needed money to invest in a Subway Sandwich Shop franchise back in 2003. Amer National Bank - Texas issued an SBA franchise loan. Here are the details on this Texas small business loan. SBA Loan Borrower SUBWAY SBA Loan Lender AMER NATIONAL BANK - TEXAS SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 1/9/2003 Loan Approval Gross Amount $337,500 Loan Approval from the SBA Of the total $337,500 loan amount, the SBA guaranteed $253,125. 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 15 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: SBA 7A Banks in Terrell, Texas
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