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December 22, 2024 |
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| Home > Small Business Lenders by State > District of Columbia Business Loan Sources > North Plainfield, Business Loans > Valley National Bank North Plainfield Business Loans > Quiznos Loan | ||||
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Business Loans for Washington Business Owners
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District of Columbia Entrepreneur Secures Financing to Buy Quiznos FranchiseBorrowing money to invest in a Quiznos franchise? Valley National Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Washington, District of Columbia needed money to invest in a Quiznos franchise back in 2003. Valley National Bank issued an SBA franchise loan. Here are the details on this District of Columbia small business loan. SBA Loan Borrower QUIZNOS SBA Loan Lender VALLEY NATIONAL BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 3/31/2003 Loan Approval Gross Amount $140,000 Loan Approval from the SBA Of the total $140,000 loan amount, the SBA guaranteed $119,000. 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 indicated that the loan would help generate 8 new jobs and retain 2 existing jobs. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. While you may be able to borrow money from friends and family, 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: Obtaining Funding - How to Borrow Money SBA Participating Banks in North Plainfield, New Jersey
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