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November 15, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > East Greenwich, Business Loans > Independence Bank East Greenwich Business Loans > Quizno's Subs Loan | ||||
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SBA 7A Banks in Illinois
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Borrow Money to Buy a Quiznos FranchiseBorrowing money to invest in a Quiznos franchise? Independence Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Frankfort, Illinois needed money to invest in a Quiznos franchise back in 2004. Independence Bank issued an SBA franchise loan. Here are the details on this Illinois small business loan. SBA Loan Borrower QUIZNO'S SUBS SBA Loan Lender INDEPENDENCE BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 4/14/2004 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 7 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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 Banks in East Greenwich, Rhode Island Getting a Business Loan in Rhode Island
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