Loan to Buy Subway Sandwich Shop Franchise Issued By Thomaston Savings Bank

Borrowing money to purchase a Subway Sandwich Shop franchise? Thomaston Savings Bank has a history of making these loans and they are guaranteed by the SBA.

Subway Sandwich Shop franchise loans are available to Naugatuck, Connecticut entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Thomaston Savings Bank, based in Thomaston, Connecticut, issued an SBA franchise loan for a Subway Sandwich Shop franchise in 2006. We've got all the details on this Connecticut small business loan.

SBA Loan Borrower

SAURIN DESAL
NAUGATUCK, CT 06770

SBA Loan Lender

THOMASTON SAVINGS BANK
203 MAIN ST
THOMASTON, CT 06787

This lender processed this bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

10/12/2006

Loan Approval Gross Amount

$162,400

Loan Approval from the SBA

Of the total $162,400 loan amount, the SBA guaranteed $81,200.

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 2 employees. This SBA loan request indicated that the loan would help create 2 new jobs.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

We can help you find the best banks for small businesses in Naugatuck or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Subway

Obtaining Funding - Friends and Family

SBA Approved Banks in Thomaston, Connecticut

Getting a Business Loan in Connecticut