Pflugerville, TX Entrepreneur Gets SBA Loan to Buy Quiznos Franchise

Borrowing money to buy a Quiznos franchise? American Bank Of Commerce has a history of making these loans and they are guaranteed by the SBA.

Quiznos franchise loans are available to Pflugerville, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, American Bank Of Commerce, based in Wolfforth, Texas, issued an SBA franchise loan for a Quiznos franchise in 2004. We've got all the details on this Texas small business loan.

SBA Loan Borrower

RN TOASTY LLC
PFLUGERVILLE, TX 78660

SBA Loan Lender

AMERICAN BANK OF COMMERCE
W 82ND ST AND US HWY 62/82
WOLFFORTH, TX 79382

This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

4/22/2004

Loan Approval Gross Amount

$104,800

Loan Approval from the SBA

Of the total $104,800 loan amount, the SBA guaranteed $89,080.

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 SBA loan application for the borrower did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you have been wondering how do i get money to start a business in Pflugerville TX, you ought to talk with a local Pflugerville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Pflugerville businesses.

We can help you find the best banks for small businesses in Pflugerville or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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