Loan to Buy Quiznos Franchise Issued By Peoples Bank Of Wisconsin

Borrowing money to invest in a Quiznos franchise? Peoples Bank Of Wisconsin has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Forest Lake, Minnesota needed money to invest in a Quiznos franchise back in 2002. Peoples Bank Of Wisconsin issued an SBA franchise loan. Here are the details on this Minnesota small business loan.

SBA Loan Borrower

QUIZNO'S CLASSIC SUBS
FOREST LAKE, MN 55025

SBA Loan Lender

PEOPLES BANK OF WISCONSIN
2720 GOLF RD
EAU CLAIRE, WI 54701

This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

4/23/2002

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 15 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Peoples Bank Of Wisconsin and they will explain how you can get an SBA loan for your company.

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.

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