Deerfield, IL Entrepreneur Gets SBA Loan to Buy Quiznos Franchise

Need money to invest in a Quiznos franchise? Harris National Association has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Quiznos franchise is doable. In 2002, Harris National Association issued an SBA franchise loan to an entrepreneur in Deerfield, Illinois. Because Quiznos was registered with the SBA's registry of franchises, this Illinois small business loan was issued on an expedited basis.

SBA Loan Borrower

QUIZNO;S
DEERFIELD, IL 60015

SBA Loan Lender

HARRIS NATIONAL ASSOCIATION
111 W MONROE ST
CHICAGO, IL 60603

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

6/14/2002

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 an existing business. This loan was used to buy a Quiznos franchise. At the time of the loan, the company had 12 employees. The SBA loan documents indicated that the loan would help generate 12 new jobs and retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you need money to start business in Deerfield IL, you ought to talk with a local Deerfield SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Deerfield businesses.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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

Business Credit Evaluation

SBA Participating Banks in Chicago, Illinois

Illinois SBA Bank Lenders