Loan to Buy Quiznos Franchise Issued By State Bank Of Texas

Borrowing money to buy a Quiznos franchise? State Bank Of Texas has a history of making these loans and they are guaranteed by the SBA.

Quiznos franchise loans are available to Lacy-Lakeview, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, State Bank Of Texas, based in Irving, Texas, issued an SBA franchise loan for a Quiznos franchise in 2002. We've got all the details on this Texas small business loan.

SBA Loan Borrower

QUIZNO'S SUBS
LACY-LAKEVIEW, TX 76705

SBA Loan Lender

STATE BANK OF TEXAS
605 W AIRPORT FREEWAY
IRVING, TX 75060

This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

11/29/2002

Loan Approval Gross Amount

$117,000

Loan Approval from the SBA

Of the total $117,000 loan amount, the SBA guaranteed $99,450.

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 only one employee. The SBA loan documents indicated that the loan would help generate 11 new jobs and retain 1 existing job.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into State Bank Of Texas and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Quiznos Sub

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Where to Get an SBA Loan in Irving, Texas

Texas SBA 7A Banks