New York Entrepreneur Secures Financing to Buy Quiznos Franchise
Borrowing money to invest in a Quiznos franchise? Flushing Savings Bank, Fsb has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy a Quiznos franchise shouldn't be too tough. In 2005, Flushing Savings Bank, Fsb issued an SBA franchise loan to an entrepreneur in Lindenhurst, New York. Because Quiznos was registered with the SBA's registry of franchises, this New York small business loan was issued on an expedited basis.
SBA Loan Borrower
QUIZNO'S SUBS
LINDENHURST, NY 11757
SBA Loan Lender
FLUSHING SAVINGS BANK, FSB
33 IRVING PL
NEW YORK CITY, NY 10003
This lender provides SBA loan for small businesses 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
5/20/2005
Loan Approval Gross Amount
$250,000
Loan Approval from the SBA
Of the total $250,000 loan amount, the SBA guaranteed $187,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Quiznos franchise. At the time of the loan, the company
had 12 employees. This SBA loan request indicated that the loan would help retain 12 existing jobs.
Next Steps for Getting an SBA Loan
Many small businesses receive loans backed by the U.S. Small Business Administration.
If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Flushing Savings Bank, Fsb so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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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