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May 16, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Harahan, Business Loans > A S I Fcu Harahan Business Loans > Subway Of Gretna Loan | ||||
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Gretna, Louisiana Bank Loan
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Loan to Buy Subway Sandwich Shop Franchise Issued By A S I FcuNeed money to invest in a Subway Sandwich Shop franchise? A S I Fcu has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Gretna, Louisiana needed money to invest in a Subway Sandwich Shop franchise back in 2002. A S I Fcu issued an SBA franchise loan. Here are the details on this Louisiana small business loan. SBA Loan Borrower SUBWAY OF GRETNA SBA Loan Lender A S I FCU This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 7/1/2002 Loan Approval Gross Amount $141,000 Loan Approval from the SBA Of the total $141,000 loan amount, the SBA guaranteed $119,850. 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 7 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. This SBA loan was for $141,000. How would you spend $141,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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:
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