 |
 |
May 3, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Indiana Business Loan Sources > Indianapolis, Business Loans > Fifth Third Bank Indianapolis Business Loans > Gupta Subway, Inc. Loan | ||||
 |
||||
Indiana Small Business Funding for Franchises
|
||||
 |
Indianapolis, IN Entrepreneur Gets SBA Loan to Buy Subway Sandwich Shop FranchiseNeed money to purchase a Subway Sandwich Shop franchise? Fifth Third Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Indianapolis, Indiana needed money to invest in a Subway Sandwich Shop franchise back in 2005. Fifth Third Bank issued an SBA franchise loan. Here are the details on this Indiana small business loan. SBA Loan Borrower GUPTA SUBWAY, INC. SBA Loan Lender FIFTH THIRD BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial 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 3/10/2005 Loan Approval Gross Amount $382,000 Loan Approval from the SBA Of the total $382,000 loan amount, the SBA guaranteed $286,500. 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. The SBA loan application for the borrower did not indicate that the company planned to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Don't forget. To get an SBA loan, you must 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. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Fifth Third Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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: Small Business Banks in Indianapolis, Indiana Getting an SBA Loan in Indiana
|
|
||
|
||||
|
|
||||