Loan to Buy Quiznos Franchise Issued By Iowa Trust & Savings Bank

Borrowing money to buy a Quiznos franchise? Iowa Trust & Savings Bank has a history of making these loans and they are guaranteed by the SBA.

Quiznos franchise loans are available to Spencer, Iowa entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Iowa Trust & Savings Bank, based in Emmetsburg, Iowa, issued an SBA franchise loan for a Quiznos franchise in 2007. We've got all the details on this Iowa small business loan.

SBA Loan Borrower

QUIZNOS
SPENCER, IA 51301

SBA Loan Lender

IOWA TRUST & SAVINGS BANK
2101 10TH ST
EMMETSBURG, IA 50536

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

4/5/2007

Loan Approval Gross Amount

$130,000

Loan Approval from the SBA

Of the total $130,000 loan amount, the SBA guaranteed $110,500.

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 24 employees. The SBA loan documents did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your 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 other ways to get money to start a business, 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:

Quiznos Sub

SBIR Funding

Small Business Banks in Emmetsburg, Iowa

SBA Lenders in Iowa