Borrow Money to Buy a Quiznos Franchise
Need money to invest in a Quiznos franchise? Western Bank 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 2001 SBA franchise loan that you should know about. Western Bank was the lender and the entrepreneur was based in Woodbury, Minnesota.
SBA Loan Borrower
QUIZNO'S
WOODBURY, MN 55125
SBA Loan Lender
WESTERN BANK
3033 UNIVERSITY AVE
MINNEAPOLIS, MN 55414
This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5812 - Eating Places
NAICS Code
722110 - Full-Service Restaurants
Loan Approval Date
11/29/2001
Loan Approval Gross Amount
$103,000
Loan Approval from the SBA
Of the total $103,000 loan amount, the SBA guaranteed $87,550.
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 18 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans provide smart, affordable business financing for small businesses looking to expand.
While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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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