First National Bank Of Arizona Provides SBA Loan to Buy Quiznos Franchise

Need a loan to buy a Quiznos franchise? First National Bank Of Arizona has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Denton, Texas needed money to invest in a Quiznos franchise back in 2004. First National Bank Of Arizona issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

RSSM ANGEL, INC. DBA QUIZNO'S
DENTON, TX 76205

SBA Loan Lender

FIRST NATIONAL BANK OF ARIZONA
17600 N PERIMETER DR
SCOTTSDALE, AZ 85255

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.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

6/8/2004

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

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 8 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are raising money in Denton TX, you ought to talk with a local Denton SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Denton businesses.

This SBA loan was for $200,000. How would you spend $200,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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Bank Credit Lines

Small Bank Loans in Scottsdale, Arizona

Getting an SBA Loan in Arizona