Loan to Buy Quiznos Franchise Issued By Fifth Third Bank

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

Getting money to buy a Quiznos franchise shouldn't be overly burdensome. In 2002, Fifth Third Bank issued an SBA franchise loan to an entrepreneur in Hudsonville, Michigan. Because Quiznos was registered with the SBA's registry of franchises, this Michigan small business loan was issued on an expedited basis.

SBA Loan Borrower

QUIZNO'S
HUDSONVILLE, MI 49426

SBA Loan Lender

FIFTH THIRD BANK
111 LYON ST NW
GRAND RAPIDS, MI 49503

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

4/9/2002

Loan Approval Gross Amount

$190,000

Loan Approval from the SBA

Of the total $190,000 loan amount, the SBA guaranteed $142,500.

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 only one employee. The SBA loan documents indicated that the funding would help generate 6 new jobs.

Start the Process for Getting an SBA Loan Today!

If you are raising money in Hudsonville MI, you ought to talk with a local Hudsonville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Hudsonville businesses.

This SBA loan was for $190,000. How would you spend $190,000 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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