Loan to Buy New York Subs Franchise Issued By Bank Of The Cascades

Need a loan to buy a New York Subs franchise? Bank Of The Cascades has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a New York Subs franchise? If so, here's a 2005 SBA franchise loan that you should know about. Bank Of The Cascades was the lender and the entrepreneur was based in Meridian, Idaho.

SBA Loan Borrower

NEW YORK, NY FRESH DELI
MERIDIAN, ID 83642

SBA Loan Lender

BANK OF THE CASCADES
3135 E OVERLAND RD
MERIDIAN, ID 83686

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide bank loans to American small businesses.

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

2/15/2005

Loan Approval Gross Amount

$140,000

Loan Approval from the SBA

Of the total $140,000 loan amount, the SBA guaranteed $119,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a New York Subs franchise. At the time of the loan, the company had 15 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Although it's called an SBA loan, 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.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

New York Subs Fresh Deli

Alternative Financing

SBA Banks in Meridian, Idaho

Idaho SBA Banks