Austin, TX Entrepreneur Gets SBA Loan to Buy Quiznos Franchise
Need a loan to invest in a Quiznos franchise? United Central Bank has a history of making these loans and they are guaranteed by the SBA.
Quiznos franchise loans are available to Austin, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, United Central Bank, based in Garland, Texas, issued an SBA franchise loan for a Quiznos franchise in 2004. We've got all the details on this Texas small business loan.
SBA Loan Borrower
MANOHAR INC
AUSTIN, TX 78727
SBA Loan Lender
UNITED CENTRAL BANK
4555 W WALNUT ST
GARLAND, TX 75042
This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
8/20/2004
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 14 employees. This SBA loan request did not indicate that the company planned to use the money to hire new employees or retain any existing employees.
Getting an SBA Loan For Your Business
SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.
We can help you find the best banks for small businesses in Austin 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:
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Alternative Financing
Small Bank Loans in Garland, Texas
SBA Lenders in Texas