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November 21, 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 > Quiznos Sub Loan | ||||
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Illinois Small Business Funding for Franchises
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Independence Bank Provides SBA Loan to Buy Quiznos FranchiseNeed money to buy a Quiznos franchise? Independence Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Monee, Illinois and are interested in buying a Quiznos franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by Independence Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower QUIZNOS SUB SBA Loan Lender INDEPENDENCE BANK This lender issued this bank loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 4/18/2006 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 8 employees. The loan application did not indicate that the company promised to use the money to add employees or retain any existing employees. 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. We've showcased information on this loan to let you know that businesses like yours 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: SBA Approved Banks in East Greenwich, Rhode Island
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