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| Entrepreneur Resources | Independence Bank East Greenwich Business Loans | ||||
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Austin, Texas Bank for SBA Loans
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Borrow Money to Buy a Quiznos FranchiseBorrowing money to buy a Quiznos franchise? Independence Bank has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy a Quiznos franchise shouldn't be too tough. In 2003, Independence Bank issued an SBA franchise loan to an entrepreneur in Austin, Texas. Because Quiznos was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis. SBA Loan Borrower QUIZNOS SUBS SBA Loan Lender INDEPENDENCE BANK 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. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 12/17/2003 Loan Approval Gross Amount $112,000 Loan Approval from the SBA Of the total $112,000 loan amount, the SBA guaranteed $95,200. More Information on This SBA Loan The borrower, Quiznos Subs, borrowed this money for a new business. This loan was used to buy a Quiznos franchise. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan to Quiznos Subs shows that any business with ambition and the right qualifications can get an SBA loan. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Obtaining Funding - Friends and Family Good Banks for Small Business in East Greenwich, Rhode Island Find an SBA Lender in Rhode Island If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.
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