North Carolina Entrepreneur Secures Financing to Buy Quiznos Franchise

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

Quiznos franchise loans are available to Cary, North Carolina entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Capital Bank, based in Burlington, North Carolina, issued an SBA franchise loan for a Quiznos franchise in 2002. We've got all the details on this North Carolina small business loan.

SBA Loan Borrower

QUIZNOS
CARY, NC 27511

SBA Loan Lender

CAPITAL BANK
445 S MAIN ST
BURLINGTON, NC 27215

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide commercial loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

8/21/2002

Loan Approval Gross Amount

$176,000

Loan Approval from the SBA

Of the total $176,000 loan amount, the SBA guaranteed $132,000.

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 6 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Many small businesses receive loans backed by the U.S. Small Business Administration.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Capital Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Capital 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.

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