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November 15, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Oklahoma City, Business Loans > Bancfirst Oklahoma City Business Loans > Quizno's Loan | ||||
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Where to Get a Bank Loan to Purchase a Franchise
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Edmond, OK Entrepreneur Gets SBA Loan to Buy Quiznos FranchiseBorrowing money to purchase a Quiznos franchise? Bancfirst has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Edmond, Oklahoma needed money to invest in a Quiznos franchise back in 2005. Bancfirst issued an SBA franchise loan. Here are the details on this Oklahoma small business loan. SBA Loan Borrower QUIZNO'S SBA Loan Lender BANCFIRST Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 6/10/2005 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $112,500. 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 9 employees. This SBA loan request indicated that the funding would help generate 9 new jobs. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. 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. Related Links: Best Oklahoma City, Oklahoma Banks for Small Business Find an SBA Lender in Oklahoma
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