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March 28, 2024  
 
 
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Loan Census SBA Loan Info

Colorado Entrepreneur Secures Financing to Buy Quiznos Franchise

Need a loan to invest in a Quiznos franchise? Washington Mutual Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Colorado Springs, Colorado needed money to invest in a Quiznos franchise back in 2001. Washington Mutual Bank issued an SBA franchise loan. Here are the details on this Colorado small business loan.

SBA Loan Borrower

QUIZNOS SUBS 1767
COLORADO SPRINGS, CO 80918

SBA Loan Lender

WASHINGTON MUTUAL BANK
2273 N GREEN VALLEY PKWY, STE
HENDERSON, NV 89014

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

7/27/2001

Loan Approval Gross Amount

$216,800

Loan Approval from the SBA

Of the total $216,800 loan amount, the SBA guaranteed $162,600.

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 only one employee. The loan application indicated that the loan would help generate 8 new jobs and retain 8 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Washington Mutual Bank 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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