International Bank Of Commerce Provides SBA Loan to Buy Quiznos Franchise

Need a loan to invest in a Quiznos franchise? International Bank Of Commerce has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Quiznos franchise shouldn't be too tough. In 2007, International Bank Of Commerce issued an SBA franchise loan to an entrepreneur in Laredo, Texas. Because Quiznos was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

QUIZNOS
LAREDO, TX 78045

SBA Loan Lender

INTERNATIONAL BANK OF COMMERCE
1200 SAN BERNARDO ST
LAREDO, TX 78040

This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

3/19/2007

Loan Approval Gross Amount

$182,750

Loan Approval from the SBA

Of the total $182,750 loan amount, the SBA guaranteed $137,062.

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 14 employees. The SBA loan documents indicated that the loan would help generate 7 new jobs and retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

This company got an SBA loan. You can too! Maybe you need seed money for business? 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:

Quiznos Sub

Obtaining Funding - How to Borrow Money

SBA Banks in Laredo, Texas

Where to Get an SBA Loan Texas