Borrow Money to Buy a Quiznos Franchise

Borrowing money to invest in a Quiznos franchise? Pbi Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Glasgow, Kentucky needed money to invest in a Quiznos franchise back in 2006. Pbi Bank issued an SBA franchise loan. Here are the details on this Kentucky small business loan.

SBA Loan Borrower

E & M INVESTMENTS, LLC
GLASGOW, KY 42141

SBA Loan Lender

PBI BANK
1006 W MAIN ST
GLASGOW, KY 42141

This lender issued this loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

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

8/23/2006

Loan Approval Gross Amount

$213,960

Loan Approval from the SBA

Of the total $213,960 loan amount, the SBA guaranteed $160,470.

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 11 employees. This SBA loan request did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Pbi Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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SBA 7A Banks for Glasgow, Kentucky Loans

Kentucky SBA 7A Lenders