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May 10, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Cloquet, Business Loans > Members Cooperative Cu Cloquet Business Loans > Quizno's Loan | ||||
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Members Cooperative Cu SBA 7A Franchise Loans
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Duluth, MN Entrepreneur Gets SBA Loan to Buy Quiznos FranchiseBorrowing money to invest in a Quiznos franchise? Members Cooperative Cu has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Duluth, Minnesota needed money to invest in a Quiznos franchise back in 2003. Members Cooperative Cu issued an SBA franchise loan. Here are the details on this Minnesota small business loan. SBA Loan Borrower QUIZNO'S SBA Loan Lender MEMBERS COOPERATIVE CU SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan for a small business was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 5/28/2003 Loan Approval Gross Amount $140,000 Loan Approval from the SBA Of the total $140,000 loan amount, the SBA guaranteed $119,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Quiznos franchise. At the time of the loan, the company had 10 employees. The loan application did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Microlending as a Small Business Funding Source Small Bank Loans in Cloquet, Minnesota
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