Loan to Buy Quiznos Franchise Issued By Cit Small Business Lending Corp
Need a loan to buy a Quiznos franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Quiznos franchise? If so, here's a 2004 SBA franchise loan that you should know about. Cit Small Business Lending Corp was the lender and the entrepreneur was based in San Jose, California.
SBA Loan Borrower
QUIZNO'S SUBS
SAN JOSE, CA 95128
SBA Loan Lender
CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
4/1/2004
Loan Approval Gross Amount
$160,000
Loan Approval from the SBA
Of the total $160,000 loan amount, the SBA guaranteed $120,000.
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 12 employees. The SBA loan documents indicated that the loan would help create 12 new jobs.
Next Steps for Getting an SBA Loan
If you need money to start business in San Jose CA, you ought to talk with a local San Jose SBA lender or talk with an out-of-area SBA lender that has previously loaned money to San Jose businesses.
If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Cit Small Business Lending Corp 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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