Borrow Money to Buy a Quiznos Franchise

Need money to buy a Quiznos franchise? Pacific Continental Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Albany, Oregon needed money to invest in a Quiznos franchise back in 2005. Pacific Continental Bank issued an SBA franchise loan. Here are the details on this Oregon small business loan.

SBA Loan Borrower

COMMONWEALTH PACIFIC LLC
ALBANY, OR 97321

SBA Loan Lender

PACIFIC CONTINENTAL BANK
111 W 7TH AVE
EUGENE, OR 97401

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

4/7/2005

Loan Approval Gross Amount

$134,300

Loan Approval from the SBA

Of the total $134,300 loan amount, the SBA guaranteed $114,155.

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 15 employees. The loan application indicated that the loan would help generate 15 new jobs and retain 15 existing jobs.

Getting an SBA Loan For Your Business

If you need money to start business in Albany OR, you ought to talk with a local Albany SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Albany businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Pacific Continental Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Pacific Continental Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Quiznos Sub

Family and Friend Investors - Your First Financiers

Best Eugene, Oregon Banks for Small Business

Oregon SBA Bank Lenders