Loan to Buy Submarina Sandwiches Franchise Issued By Bank Of The West

Borrowing money to invest in a Submarina Sandwiches franchise? Bank Of The West has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Submarina Sandwiches franchise shouldn't be overly burdensome. In 2000, Bank Of The West issued an SBA franchise loan to an entrepreneur in Poway, California. Because Submarina Sandwiches was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.

SBA Loan Borrower

SUBMARINA
POWAY, CA 92064

SBA Loan Lender

BANK OF THE WEST
8690 CENTER DR
LA MESA, CA 91942

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

2/3/2000

Loan Approval Gross Amount

$140,000

Loan Approval from the SBA

Of the total $140,000 loan amount, the SBA guaranteed $105,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Submarina Sandwiches franchise. At the time of the loan, the company had 14 employees. The loan application indicated that the loan would help generate 6 new jobs and retain 14 existing jobs.

Next Steps for Getting an SBA Loan

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.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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.

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