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May 7, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Oklahoma City, Business Loans > Bancfirst Oklahoma City Business Loans > Quizno's Loan | ||||
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Raising Money in Fort Smith, Arkansas With SBA Loans
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Borrow Money to Buy a Quiznos FranchiseNeed money to purchase a Quiznos franchise? Bancfirst has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Quiznos franchise may simply require a phone call to a local SBA banker. In 2004, Bancfirst issued an SBA franchise loan to an entrepreneur in Fort Smith, Arkansas. Because Quiznos was registered with the SBA's registry of franchises, this Arkansas small business loan was issued on an expedited basis. SBA Loan Borrower QUIZNO'S SBA Loan Lender BANCFIRST This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 6/16/2004 Loan Approval Gross Amount $139,000 Loan Approval from the SBA Of the total $139,000 loan amount, the SBA guaranteed $104,250. 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 20 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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 Approved Banks in Oklahoma City, Oklahoma Getting an SBA Loan in Oklahoma
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