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May 5, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Laredo, Business Loans > Commerce Bank Laredo Business Loans > Quiznos'subs Loan | ||||
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Where to Get a Small Business Loan to Purchase a Franchise
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Texas Entrepreneur Secures Financing to Buy Quiznos FranchiseNeed money to purchase a Quiznos franchise? Commerce Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Laredo, Texas needed money to invest in a Quiznos franchise back in 2005. Commerce Bank issued an SBA franchise loan. Here are the details on this Texas small business loan. SBA Loan Borrower QUIZNOS'SUBS SBA Loan Lender COMMERCE BANK This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 9/29/2005 Loan Approval Gross Amount $114,500 Loan Approval from the SBA Of the total $114,500 loan amount, the SBA guaranteed $97,325. 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. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Commerce Bank 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:
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