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May 2, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Truckee, Business Loans > Bank Of The West Truckee Business Loans > Quizno's Classic Subs Loan | ||||
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Raising Money in Sacramento, California With SBA Loans
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Bank Of The West Provides SBA Loan to Buy Quiznos FranchiseBorrowing money to invest in a Quiznos franchise? Bank Of The West has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Quiznos franchise shouldn't be overly burdensome. In 2000, Bank Of The West issued an SBA franchise loan to an entrepreneur in Sacramento, 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 CLASSIC SUBS SBA Loan Lender BANK OF THE WEST Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places Loan Approval Date 4/10/2000 Loan Approval Gross Amount $150,300 Loan Approval from the SBA Of the total $150,300 loan amount, the SBA guaranteed $112,725. 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 loan application indicated that the loan would help create 12 new jobs. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. We've showcased information on this loan to let you know that businesses like yours 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. Related Links: Role of Business Plan When Raising Money
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