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May 16, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Belzoni, Business Loans > Guaranty Bank & Trust Co. Belzoni Business Loans > Subway Loan | ||||
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Business Loans for Ruleville Small Businesses
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Mississippi Entrepreneur Secures Financing to Buy Subway Sandwich Shop FranchiseNeed a loan to purchase a Subway Sandwich Shop franchise? Guaranty Bank & Trust Co. has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Subway Sandwich Shop franchise shouldn't be overly burdensome. In 2005, Guaranty Bank & Trust Co. issued an SBA franchise loan to an entrepreneur in Ruleville, Mississippi. Because Subway Sandwich Shop was registered with the SBA's registry of franchises, this Mississippi small business loan was issued on an expedited basis. SBA Loan Borrower SUBWAY SBA Loan Lender GUARANTY BANK & TRUST CO. This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. 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 8/31/2005 Loan Approval Gross Amount $120,000 Loan Approval from the SBA Of the total $120,000 loan amount, the SBA guaranteed $102,000. 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. The SBA loan application for the borrower did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $120,000 loan. Remember, anyone can do it... so why not 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: Obtaining Funding - How to Borrow Money Good Banks for Small Business in Belzoni, Mississippi
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