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May 11, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Bellwood, Business Loans > Shorebank Bellwood Business Loans > Quizno's Classic Subs Loan | ||||
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Business Loans for Naperville Business Owners
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Borrow Money to Buy a Quiznos FranchiseNeed a loan to purchase a Quiznos franchise? Shorebank has a history of making these loans and they are guaranteed by the SBA. Quiznos franchise loans are available to Naperville, Illinois entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Shorebank, based in Bellwood, Illinois, issued an SBA franchise loan for a Quiznos franchise in 2004. We've got all the details on this Illinois small business loan. SBA Loan Borrower QUIZNO'S CLASSIC SUBS SBA Loan Lender SHOREBANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 11/2/2004 Loan Approval Gross Amount $265,000 Loan Approval from the SBA Of the total $265,000 loan amount, the SBA guaranteed $198,750. 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 4 employees. The SBA loan documents did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: Small Bank Loans in Bellwood, Illinois Getting an SBA Loan in Illinois
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