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December 22, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > Rock Hill, Business Loans > Provident Commun Bank Rock Hill Business Loans > Quizno's Subs Loan | ||||
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SBA 7A Banks for Rock Hill Entrepreneurs
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Borrow Money to Buy a Quiznos FranchiseNeed a loan to invest in a Quiznos franchise? Provident Commun Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Rock Hill, South Carolina needed money to invest in a Quiznos franchise back in 2006. Provident Commun Bank issued an SBA franchise loan. Here are the details on this South Carolina small business loan. SBA Loan Borrower QUIZNO'S SUBS SBA Loan Lender PROVIDENT COMMUN BANK This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 235310 - Electrical Contractors Loan Approval Date 9/8/2006 Loan Approval Gross Amount $95,000 Loan Approval from the SBA Of the total $95,000 loan amount, the SBA guaranteed $80,750. 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 did not indicate that the SBA funding recipient planned 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? Every year, the SBA guarantees over $10 billion for loans just like this one. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Provident Commun Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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 Rock Hill, South Carolina
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