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November 22, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > North Plainfield, Business Loans > Valley National Bank North Plainfield Business Loans > Quiznos Sub Loan | ||||
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Where to Get an SBA 7A Loan to Purchase a Franchise
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Port Jefferson, NY Entrepreneur Gets SBA Loan to Buy Quiznos FranchiseNeed a loan to invest in a Quiznos franchise? Valley National Bank 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 2005, Valley National Bank issued an SBA franchise loan to an entrepreneur in Port Jefferson, New York. Because Quiznos was registered with the SBA's registry of franchises, this New York small business loan was issued on an expedited basis. SBA Loan Borrower QUIZNOS SUB SBA Loan Lender VALLEY NATIONAL BANK 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 8/24/2005 Loan Approval Gross Amount $228,200 Loan Approval from the SBA Of the total $228,200 loan amount, the SBA guaranteed $171,150. 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 only one employee. The loan application indicated that the loan would help generate 9 new jobs and retain 10 existing jobs. Getting an SBA Loan For Your Business For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Valley National Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Valley National Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Obtaining Funding - How to Decide How Much to Raise Where to Get an SBA Loan in North Plainfield, New Jersey
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