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May 18, 2024 |
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| Home > Small Business Lenders by State > Oregon Business Loan Sources > Henderson, Business Loans > Silver State Bank Henderson Business Loans > Subway #20066 Loan | ||||
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Requirements for Financing a Franchise
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Hillsboro, OR Entrepreneur Gets SBA Loan to Buy Subway Sandwich Shop FranchiseBorrowing money to purchase a Subway Sandwich Shop franchise? Silver State Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Hillsboro, Oregon needed money to invest in a Subway Sandwich Shop franchise back in 2003. Silver State Bank issued an SBA franchise loan. Here are the details on this Oregon small business loan. SBA Loan Borrower SUBWAY #20066 SBA Loan Lender SILVER STATE BANK This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 3/31/2003 Loan Approval Gross Amount $213,000 Loan Approval from the SBA Of the total $213,000 loan amount, the SBA guaranteed $159,750. 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 10 employees. This SBA loan request indicated that the loan would help retain 10 existing jobs. Start the Process for Getting an SBA Loan Today! Remember, 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 $213,000 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: Who Lends Money to Small Businesses in Henderson, Nevada
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