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December 22, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Burlington, Business Loans > Capital Bank Burlington Business Loans > Quizno's Subs Loan | ||||
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North Carolina Small Business Funding for Franchises
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Raleigh, NC Entrepreneur Gets SBA Loan to Buy Quiznos FranchiseNeed money to buy a Quiznos franchise? Capital Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Raleigh, North Carolina needed money to invest in a Quiznos franchise back in 2002. Capital Bank issued an SBA franchise loan. Here are the details on this North Carolina small business loan. SBA Loan Borrower QUIZNO'S SUBS SBA Loan Lender CAPITAL BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 2/14/2002 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $106,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Quiznos franchise. At the time of the loan, the company had 7 employees. The loan application did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. 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: Advice on Getting a Small Business Loan SBA Approved Banks in Burlington, North Carolina
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