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May 2, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Sacramento, Business Loans > California Bank & Trust Sacramento Business Loans > Quizno's Sub Loan | ||||
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Is It Possible to Borrow Money for a Franchise in Long Beach, California?
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Long Beach, CA Entrepreneur Gets SBA Loan to Buy Quiznos FranchiseNeed a loan to invest in a Quiznos franchise? California Bank & Trust has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Quiznos franchise may simply require a phone call to a local SBA banker. In 2003, California Bank & Trust issued an SBA franchise loan to an entrepreneur in Long Beach, California. Because Quiznos was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis. SBA Loan Borrower QUIZNO'S SUB SBA Loan Lender CALIFORNIA BANK & TRUST This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 12/5/2003 Loan Approval Gross Amount $138,000 Loan Approval from the SBA Of the total $138,000 loan amount, the SBA guaranteed $117,300. 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 2 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 4 existing jobs. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into California Bank & Trust and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Best Banks in Sacramento, California
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