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April 24, 2024 |
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| Home > Small Business Lenders by State > New Hampshire Business Loan Sources > Washington, Business Loans > Natl Consumer Cooperative Washington Business Loans > Subway Loan | ||||
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Business Loans for Londonderry Entrepreneurs
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Loan to Buy Subway Sandwich Shop Franchise Issued By Natl Consumer CooperativeBorrowing money to invest in a Subway Sandwich Shop franchise? Natl Consumer Cooperative has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Londonderry, New Hampshire needed money to invest in a Subway Sandwich Shop franchise back in 2004. Natl Consumer Cooperative issued an SBA franchise loan. Here are the details on this New Hampshire small business loan. SBA Loan Borrower SUBWAY SBA Loan Lender NATL CONSUMER COOPERATIVE This lender issued this business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 9/30/2004 Loan Approval Gross Amount $450,000 Loan Approval from the SBA Of the total $450,000 loan amount, the SBA guaranteed $337,500. 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 5 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. This SBA loan was for $450,000. How would you spend $450,000 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: Good Banks for Small Business in Washington, District of Columbia Browse All Business Loan Sources for District of Columbia
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