Loan Census Banking News and Information
November 29, 2020  
 
 
  Business Loan Information  
 

Raising Money in Grand Prairie, Texas With SBA Loans

 

 
Loan Census SBA Loan Info

Loan to Buy Quizno's Subs Franchise Issued By Regions Bank

Need money to invest in a Quizno's Subs franchise? Regions Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Quizno's Subs franchise shouldn't be too tough. In 2007, Regions Bank issued an SBA franchise loan to an entrepreneur in Grand Prairie, Texas. Because Quizno's Subs was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

SFC HOOAH ENTERPRISES LLC
Grand Prairie, TX 75050

SBA Loan Lender

REGIONS BANK
417 NORTH 20TH ST
BIRMINGHAM, AL 35203

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

6/5/2007

Loan Approval Gross Amount

$140,000

Loan Approval from the SBA

Of the total $140,000 loan amount, the SBA guaranteed $70,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Quizno's Subs franchise. At the time of the loan, the company had no employees. This SBA loan request indicated that the loan would help create 8 new jobs.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan 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 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.

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