DENVER Quiznos, the franchisor of nearly 5,000 sandwich shops, is joining other franchisors in taking on the role of lender to help its franchisees expand their businesses despite the chilly credit market. Qualified Quiznos franchisees can borrow up to $10,000 at interest rates raging from 8 percent to 20 percent to buy new locations or update existing stores, the company said Tuesday.“We see this microloan initiative as an excellent way to invest in our franchise owners,” said Rich ...
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Contact: Desiree Torres Desiree.Torres@penton.com