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May 15, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Troutville, Business Loans > Bank Of Botetourt Troutville Business Loans > Quizno's Loan | ||||
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Raising Money in Lexington, Virginia With SBA Loans
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Bank Of Botetourt Provides SBA Loan to Buy Quiznos FranchiseNeed money to buy a Quiznos franchise? Bank Of Botetourt has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Quiznos franchise is doable. In 2001, Bank Of Botetourt issued an SBA franchise loan to an entrepreneur in Lexington, Virginia. Because Quiznos was registered with the SBA's registry of franchises, this Virginia small business loan was issued on an expedited basis. SBA Loan Borrower QUIZNO'S SBA Loan Lender BANK OF BOTETOURT 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. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 6/28/2001 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 12 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. We can help you find the best banks for small businesses in Lexington or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Determining Proper Capital Structure for a Business SBA Approved Banks in Troutville, Virginia
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