Darby Bank & Trust Provides SBA Loan to Buy Quiznos Franchise

Need a loan to buy a Quiznos franchise? Darby Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Charleston, South Carolina needed money to invest in a Quiznos franchise back in 2003. Darby Bank & Trust issued an SBA franchise loan. Here are the details on this South Carolina small business loan.

SBA Loan Borrower

QUIZNO'S CLASSIC SUBS
CHARLESTON, SC 29406

SBA Loan Lender

DARBY BANK & TRUST
300 BULL ST, STE A, 2ND FL
SAVANNAH, GA 31401

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

9/29/2003

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 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 documents did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

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.

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