Missouri Entrepreneur Secures Financing to Buy Quizno's Subs Franchise

Need money to invest in a Quizno's Subs franchise? Commerce Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Quizno's Subs franchise is doable. In 2007, Commerce Bank issued an SBA franchise loan to an entrepreneur in Ellisville, Missouri. Because Quizno's Subs was registered with the SBA's registry of franchises, this Missouri small business loan was issued on an expedited basis.

SBA Loan Borrower

STAICU INVESTMENTS, LLC
Ellisville, MO 63011

SBA Loan Lender

COMMERCE BANK
1000 WALNUT ST
KANSAS CITY, MO 64141

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

11/8/2007

Loan Approval Gross Amount

$121,900

Loan Approval from the SBA

Of the total $121,900 loan amount, the SBA guaranteed $60,950.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Quizno's Subs franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 3 existing jobs.

Getting an SBA Loan For Your Business

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

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Business Line of Credit

Find an SBA Lender in Kansas City, Missouri

Browse All Business Loan Sources for Missouri