Tulsa, OK Entrepreneur Gets SBA Loan to Buy Lenny's Sub Shop Franchise

Borrowing money to purchase a Lenny's Sub Shop franchise? Nbanc has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Lenny's Sub Shop franchise? If so, here's a 2003 SBA franchise loan that you should know about. Nbanc was the lender and the entrepreneur was based in Tulsa, Oklahoma.

SBA Loan Borrower

LENNY'S SUB SHOP
267 E 46TH STREET
TULSA, OK 74105

SBA Loan Lender

NBANC
7127 S RIVERSIDE DR
TULSA, OK 74136

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

4/17/2003

Loan Approval Gross Amount

$148,000

Loan Approval from the SBA

Of the total $148,000 loan amount, the SBA guaranteed $125,800.

More Information on This SBA Loan

The borrower, Lenny's Sub Shop, borrowed this money for a new business. This loan was used to buy a Lenny's Sub Shop franchise. At the time of the loan, the company had 12 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to add employees or retain any existing employees.

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.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Nbanc that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

Lenny's Sub Shop

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