Borrow Money to Buy a Quiznos Franchise
Need a loan to buy a Quiznos franchise? Lasalle Bank Midwest has a history of making these loans and they are guaranteed by the SBA.
Quiznos franchise loans are available to Lincoln Park, Michigan entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Lasalle Bank Midwest, based in Troy, Michigan, issued an SBA franchise loan for a Quiznos franchise in 2002. We've got all the details on this Michigan small business loan.
SBA Loan Borrower
QUIZNO'S OF LINCOLN PARK
LINCOLN PARK, MI 48146
SBA Loan Lender
LASALLE BANK MIDWEST
2600 W BIG BEAVER RD
TROY, MI 48084
This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
3/28/2002
Loan Approval Gross Amount
$105,000
Loan Approval from the SBA
Of the total $105,000 loan amount, the SBA guaranteed $89,250.
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 loan would help generate 6 new jobs.
Start the Process for Getting an SBA Loan Today!
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Lasalle Bank Midwest had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Lasalle Bank Midwest made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.
The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.
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 - Getting Venture Capital
Find an SBA Lender in Troy, Michigan
Michigan SBA 7A Banks