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May 12, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Glasgow, Business Loans > South Cent. Bank - Barren County Glasgow Business Loans > Subway Loan | ||||
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Kentucky Small Business Funding for Franchises
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Borrow Money to Buy a Subway Sandwich Shop FranchiseNeed money to buy a Subway Sandwich Shop franchise? South Cent. Bank - Barren County has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Subway Sandwich Shop franchise shouldn't be too tough. In 2005, South Cent. Bank - Barren County issued an SBA franchise loan to an entrepreneur in Horse Cave, Kentucky. Because Subway Sandwich Shop was registered with the SBA's registry of franchises, this Kentucky small business loan was issued on an expedited basis. SBA Loan Borrower SUBWAY SBA Loan Lender SOUTH CENT. BANK - BARREN COUNTY This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. 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 5/11/2005 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $112,500. 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 10 employees. The loan application did not indicate that the business planned to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This SBA loan was for $150,000. How would you spend $150,000 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: Find an SBA Lender in Glasgow, Kentucky
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