Borrow Money to Buy a Quiznos Franchise

Borrowing money to purchase 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 Fox Lake, Illinois entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Fifth Third Bank, based in Wheaton, 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 CLASSIC SUBS
FOX LAKE, IL 60020

SBA Loan Lender

FIFTH THIRD BANK
1500 N MAIN ST
WHEATON, IL 60187

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

4/11/2002

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 5 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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.

This SBA loan was for $150,000. How would you spend $150,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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