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May 3, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Los Angeles, Business Loans > Wilshire State Bank Los Angeles Business Loans > Quizno's Subs Loan | ||||
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Advice for Getting a Franchise Loan
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Oklahoma City, OK Entrepreneur Gets SBA Loan to Buy Quiznos FranchiseNeed money to purchase a Quiznos franchise? Wilshire State Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Quiznos franchise? If so, here's a 2005 SBA franchise loan that you should know about. Wilshire State Bank was the lender and the entrepreneur was based in Oklahoma City, Oklahoma. SBA Loan Borrower QUIZNO'S SUBS SBA Loan Lender WILSHIRE STATE BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 1/12/2005 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. 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 11 employees. The loan application did not indicate that the small business planned to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? 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: SBA 7A Banks in Los Angeles, California Getting a Business Loan in California
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