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November 15, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > West Covina, Business Loans > Universal Bank West Covina Business Loans > Quizno's Sub Loan | ||||
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Best Banks for Rancho Cucamonga, California Entrepreneurs
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Rancho Cucamonga, CA Entrepreneur Gets SBA Loan to Buy Quiznos FranchiseNeed a loan to purchase a Quiznos franchise? Universal Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Rancho Cucamonga, California needed money to invest in a Quiznos franchise back in 2004. Universal Bank issued an SBA franchise loan. Here are the details on this California small business loan. SBA Loan Borrower QUIZNO'S SUB SBA Loan Lender UNIVERSAL BANK This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 11/29/2004 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 8 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. We can help you find the best banks for small businesses in Rancho Cucamonga or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Realistic Debt Financing Options Good Banks for Small Business in West Covina, California
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