Great Neck (village) (p.O. Sta, NY Entrepreneur Gets SBA Loan to Buy Quiznos Franchise
Need a loan to buy a Quiznos franchise? Valley National Bank has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Quiznos franchise? If so, here's a 2003 SBA franchise loan that you should know about. Valley National Bank was the lender and the entrepreneur was based in Great Neck (village) (p.O. Sta, New York.
SBA Loan Borrower
QUIZNOS
GREAT NECK (VILLAGE) (P.O. STA, NY 11021
SBA Loan Lender
VALLEY NATIONAL BANK
1334 RTE 22 EAST
NORTH PLAINFIELD, NJ 07060
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
11/14/2003
Loan Approval Gross Amount
$214,200
Loan Approval from the SBA
Of the total $214,200 loan amount, the SBA guaranteed $160,650.
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 2 employees. The loan application indicated that the loan would help generate 6 new jobs and retain 2 existing jobs.
Next Steps for Getting an SBA Loan
SBA loans provide money to small business owners for working capital for other expenses.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Valley National Bank and they will explain how you can get an SBA loan for your company.
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:
Quiznos Sub
Small Business Loan
SBA 7A Banks in North Plainfield, New Jersey
New Jersey SBA 7A Banks