Humble, TX Entrepreneur Gets SBA Loan to Buy Quiznos Franchise

Borrowing money to purchase a Quiznos franchise? Metrobank has a history of making these loans and they are guaranteed by the SBA.

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

SBA Loan Borrower

QUIZNO'S CLASSIC SUBS #1490
HUMBLE, TX 77346

SBA Loan Lender

METROBANK
9600 BELLAIRE BLVD
HOUSTON, TX 77036

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.

SIC Code

5812 - Eating Places

Loan Approval Date

7/11/2000

Loan Approval Gross Amount

$143,300

Loan Approval from the SBA

Of the total $143,300 loan amount, the SBA guaranteed $107,475.

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 10 employees. This SBA loan request indicated that the funding would help generate 10 new jobs.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

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 Metrobank 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.

Related Links:

Quiznos Sub

Obtaining Funding - How to Decide How Much to Raise

SBA Approved Banks in Houston, Texas

SBA Lenders in Texas