Wachovia Bank Provides SBA Loan to Buy Quizno's Subs Franchise

Borrowing money to purchase a Quizno's Subs franchise? Wachovia Bank has a history of making these loans and they are guaranteed by the SBA.

Quizno's Subs franchise loans are available to Monmouth Junction, New Jersey entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wachovia Bank, based in Charlotte, North Carolina, issued an SBA franchise loan for a Quizno's Subs franchise in 2004. We've got all the details on this New Jersey small business loan.

SBA Loan Borrower

SAMICHES, L.L.C.
Monmouth Junction, NJ 08852

SBA Loan Lender

WACHOVIA BANK
301 S COLLEGE ST MAIN LOBBY
CHARLOTTE, NC 28202

This commercial loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

9/8/2004

Loan Approval Gross Amount

$221,700

Loan Approval from the SBA

Of the total $221,700 loan amount, the SBA guaranteed $110,850.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Quizno's Subs franchise. At the time of the loan, the company had 8 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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