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May 12, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Maple Grove, Business Loans > Eagle Community Bank Maple Grove Business Loans > Quiznos Subs Loan | ||||
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Where to Get a Bank Loan to Purchase a Franchise
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Minnesota Entrepreneur Secures Financing to Buy Quiznos FranchiseNeed a loan to invest in a Quiznos franchise? Eagle Community Bank has a history of making these loans and they are guaranteed by the SBA. Quiznos franchise loans are available to Maple Grove, Minnesota entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Eagle Community Bank, based in Maple Grove, Minnesota, issued an SBA franchise loan for a Quiznos franchise in 2003. We've got all the details on this Minnesota small business loan. SBA Loan Borrower QUIZNOS SUBS SBA Loan Lender EAGLE COMMUNITY BANK 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. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 10/23/2003 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 an existing business. This loan was used to buy a Quiznos franchise. At the time of the loan, the company had 19 employees. The SBA loan documents did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We can help you find the best banks for small businesses in Maple Grove 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: SBA 7A Lenders in Maple Grove, Minnesota Find an SBA Lender in Minnesota
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