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April 27, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Owasso, Business Loans > First Bank Of Owasso Owasso Business Loans > Quiznos Loan | ||||
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Oklahoma Small Business Funding for Franchises
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Oklahoma Entrepreneur Secures Financing to Buy Quiznos FranchiseNeed a loan to buy a Quiznos franchise? First Bank Of Owasso has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Bartlesville, Oklahoma needed money to invest in a Quiznos franchise back in 2005. First Bank Of Owasso issued an SBA franchise loan. Here are the details on this Oklahoma small business loan. SBA Loan Borrower QUIZNOS SBA Loan Lender FIRST BANK OF OWASSO 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 7/19/2005 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower 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 10 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First Bank Of Owasso and they will explain how you can get an SBA loan for your company. 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: Small Bank Loans in Owasso, Oklahoma
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