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May 7, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Canfield, Business Loans > Farmers National Bank - Canfield Canfield Business Loans > Quizno's Subs Loan | ||||
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Good Banks for Salem Business Owners
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Salem, OH Entrepreneur Gets SBA Loan to Buy Quiznos FranchiseNeed a loan to purchase a Quiznos franchise? Farmers National Bank - Canfield has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Salem, Ohio needed money to invest in a Quiznos franchise back in 2003. Farmers National Bank - Canfield issued an SBA franchise loan. Here are the details on this Ohio small business loan. SBA Loan Borrower QUIZNO'S SUBS SBA Loan Lender FARMERS NATIONAL BANK - CANFIELD 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. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 5/8/2003 Loan Approval Gross Amount $120,000 Loan Approval from the SBA Of the total $120,000 loan amount, the SBA guaranteed $102,000. 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 loan application did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $120,000 loan. Remember, where there is a will, there is a way! 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: SBA 7A Banks in Canfield, Ohio Browse All Business Loan Sources for Ohio
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