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May 3, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Little Rock, Business Loans > Metropolitan National Bank Little Rock Business Loans > Lakewood Village Firehouse Sub Loan | ||||
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I Need a Business Loan to Buy a Franchise in North Little Rock, Arkansas
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North Little Rock, AR Entrepreneur Gets SBA Loan to Buy Firehouse Subs FranchiseBorrowing money to buy a Firehouse Subs franchise? Metropolitan National Bank has a history of making these loans and they are guaranteed by the SBA. Firehouse Subs franchise loans are available to North Little Rock, Arkansas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Metropolitan National Bank, based in Little Rock, Arkansas, issued an SBA franchise loan for a Firehouse Subs franchise in 2007. We've got all the details on this Arkansas small business loan. SBA Loan Borrower LAKEWOOD VILLAGE FIREHOUSE SUB SBA Loan Lender METROPOLITAN NATIONAL BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 8/29/2007 Loan Approval Gross Amount $290,500 Loan Approval from the SBA Of the total $290,500 loan amount, the SBA guaranteed $217,875. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Firehouse Subs franchise. At the time of the loan, the company had 15 employees. The SBA loan application for the borrower indicated that the loan would help generate 5 new jobs and retain 10 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer 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: SBA 7A Lenders in Little Rock, Arkansas Getting a Business Loan in Arkansas
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