Entrepreneur Secures Financing to Buy Quiznos Franchise

Need a loan to invest in a Quiznos franchise? Firstbank Puerto Rico has a history of making these loans and they are guaranteed by the SBA.

Quiznos franchise loans are available to Guaynabo, entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Firstbank Puerto Rico, based in Santurce, , issued an SBA franchise loan for a Quiznos franchise in 2000. We've got all the details on this small business loan.

SBA Loan Borrower

QUIZNOS CORP.
GUAYNABO, PR 00907

SBA Loan Lender

FIRSTBANK PUERTO RICO
1519 PONCE DE LEON AVE
SANTURCE, PR 00908

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

Loan Approval Date

2/4/2000

Loan Approval Gross Amount

$128,650

Loan Approval from the SBA

Of the total $128,650 loan amount, the SBA guaranteed $96,487.

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 100 employees. The SBA loan documents did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This SBA loan was for $128,650. How would you spend $128,650 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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