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November 14, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Overland Park, Business Loans > Bank Of Blue Valley Overland Park Business Loans > Quizno's Sub Loan | ||||
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Banks for Olathe, Kansas Businesses
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Olathe, KS Entrepreneur Gets SBA Loan to Buy Quiznos FranchiseNeed money to purchase a Quiznos franchise? Bank Of Blue Valley has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Olathe, Kansas needed money to invest in a Quiznos franchise back in 2003. Bank Of Blue Valley issued an SBA franchise loan. Here are the details on this Kansas small business loan. SBA Loan Borrower QUIZNO'S SUB SBA Loan Lender BANK OF BLUE VALLEY This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 6/19/2003 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 12 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: Good Banks for Small Business in Overland Park, Kansas
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