Loan to Buy New York Subs Franchise Issued By Mbank

Borrowing money to purchase a New York Subs franchise? Mbank has a history of making these loans and they are guaranteed by the SBA.

New York Subs franchise loans are available to Tualatin, Oregon entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Mbank, based in Gresham, Oregon, issued an SBA franchise loan for a New York Subs franchise in 2004. We've got all the details on this Oregon small business loan.

SBA Loan Borrower

NEW YORK NY FRESH DELI
TUALATIN, OR 97062

SBA Loan Lender

MBANK
1290 NE BURNSIDE
GRESHAM, OR 97030

This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

11/10/2004

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $34,000.

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 8 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This company got an SBA loan. You can too! Maybe you need seed money for a small 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:

New York Subs Fresh Deli

Obtaining Funding - How to Borrow Money

Best Gresham, Oregon Banks for Small Business

Oregon SBA 7A Lenders