Loan to Buy Quiznos Franchise Issued By Hsbc Bank Usa

Need money to purchase a Quiznos franchise? Hsbc Bank Usa has a history of making these loans and they are guaranteed by the SBA.

If you live near Nashua, New Hampshire and are interested in buying a Quiznos franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Hsbc Bank Usa. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

QUIZNOS
NASHUA, NH 03062

SBA Loan Lender

HSBC BANK USA
360 S WARREN ST
SYRACUSE, NY 13202

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

11/22/2004

Loan Approval Gross Amount

$177,000

Loan Approval from the SBA

Of the total $177,000 loan amount, the SBA guaranteed $88,500.

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 9 employees. The SBA loan documents indicated that the loan would help generate 10 new jobs and retain 9 existing jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a business in Nashua NH, you ought to talk with a local Nashua SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Nashua businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $177,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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