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May 18, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Oklahoma City, Business Loans > Bancfirst Oklahoma City Business Loans > Quizno's Loan | ||||
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Best Banks for Fayetteville Franchise Buyers
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Arkansas Entrepreneur Secures Financing to Buy Quiznos FranchiseNeed a loan to buy a Quiznos franchise? Bancfirst has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Fayetteville, Arkansas needed money to invest in a Quiznos franchise back in 2002. Bancfirst issued an SBA franchise loan. Here are the details on this Arkansas small business loan. SBA Loan Borrower QUIZNO'S SBA Loan Lender BANCFIRST This debt financing was issued under the SBA's Certified Lenders Program (CLP), which means that this lending institution has a successful SBA lending track record and a deep knowledge SBA policies and procedures. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 1/24/2002 Loan Approval Gross Amount $165,000 Loan Approval from the SBA Of the total $165,000 loan amount, the SBA guaranteed $123,750. 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 24 employees. The loan application did not indicate that the company planned to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? 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. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Bancfirst 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 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 Oklahoma City, Oklahoma
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