Loan Census Banking News and Information
April 18, 2024  
 
 
  Business Loan Information  
 

I Need an SBA Loan to Buy a Franchise in Martell, California

 

 
Loan Census SBA Loan Info

Loan to Buy Quiznos Franchise Issued By Umpqua Bank

Need money to buy a Quiznos franchise? Umpqua Bank has a history of making these loans and they are guaranteed by the SBA.

Quiznos franchise loans are available to Martell, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Umpqua Bank, based in Sonora, California, issued an SBA franchise loan for a Quiznos franchise in 2004. We've got all the details on this California small business loan.

SBA Loan Borrower

QUIZNO'S SUBS
MARTELL, CA 95654

SBA Loan Lender

UMPQUA BANK
13775-C MONO WAY
SONORA, CA 95370

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.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

3/22/2004

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 a new business. This loan was used to buy a Quiznos franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 10 new jobs and retain 11 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Umpqua Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Quiznos Sub

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SBA 7A Banks in Sonora, California

Getting a Business Loan in California