Tulsa, OK Entrepreneur Gets SBA Loan to Buy Subway Sandwich Shop Franchise

Need a loan to buy a Subway Sandwich Shop franchise? The Exchange Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Tulsa, Oklahoma needed money to invest in a Subway Sandwich Shop franchise back in 2004. The Exchange Bank issued an SBA franchise loan. Here are the details on this Oklahoma small business loan.

SBA Loan Borrower

LITTLE E LLC
1239 S FLORENCE PLACE
TULSA, OK 74104

SBA Loan Lender

THE EXCHANGE BANK
300 W ROGERS BLVD
SKIATOOK, OK 74070

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

722110 - Full-Service Restaurants

Loan Approval Date

12/27/2004

Loan Approval Gross Amount

$108,000

Loan Approval from the SBA

Of the total $108,000 loan amount, the SBA guaranteed $91,800.

More Information on This SBA Loan

The borrower, Little E LLC, borrowed this money for a new business. This loan was used to buy a Subway Sandwich Shop franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees. This loan was paid in full, and was closed out on 7/2/2007.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this Little E LLC loan from The Exchange Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

About This SBA Loan Information:

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

Related Links:

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