Fifth Third Bank Provides SBA Loan to Buy Quiznos Franchise
Need a loan to buy a Quiznos franchise? Fifth Third Bank has a history of making these loans and they are guaranteed by the SBA.
Quiznos franchise loans are available to Chicago, Illinois entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Fifth Third Bank, based in Northbrook, Illinois, issued an SBA franchise loan for a Quiznos franchise in 2002. We've got all the details on this Illinois small business loan.
SBA Loan Borrower
QUIZNO'S SUBS
CHICAGO, IL 60069
SBA Loan Lender
FIFTH THIRD BANK
1300 MEADOW RD
NORTHBROOK, IL 60062
This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5812 - Eating Places
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
10/3/2002
Loan Approval Gross Amount
$150,000
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $127,500.
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 4 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
If you have been wondering how do i get money to start a business in Chicago IL, you ought to talk with a local Chicago SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Chicago businesses.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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
The Friends and Family Network
SBA Participating Banks in Northbrook, Illinois
Getting a Business Loan in Illinois