Loan to Buy Quiznos Franchise Issued By Commerce Bank
Borrowing money to invest in a Quiznos franchise? Commerce Bank has a history of making these loans and they are guaranteed by the SBA.
Quiznos franchise loans are available to Bethpage, New York entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Commerce Bank, based in Philadelphia, Pennsylvania, issued an SBA franchise loan for a Quiznos franchise in 2002. We've got all the details on this New York small business loan.
SBA Loan Borrower
QUIZNO'S SUBS
BETHPAGE, NY 11714
SBA Loan Lender
COMMERCE BANK
2005 MARKET ST
PHILADELPHIA, PA 19103
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
7/23/2002
Loan Approval Gross Amount
$185,000
Loan Approval from the SBA
Of the total $185,000 loan amount, the SBA guaranteed $138,750.
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 2 employees. The loan application indicated that the loan would help generate 8 new jobs and retain 2 existing jobs.
Start the Process for Getting an SBA Loan Today!
SBA loans provide smart, affordable business financing for small businesses looking to expand.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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
Equity Financing
SBA Banks in Philadelphia, Pennsylvania
Getting an SBA Loan in Pennsylvania