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April 25, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Crystal Lake, Business Loans > Home St. Bank/natl Association Crystal Lake Business Loans > Jimmy John's (sublicious Subs, Loan | ||||
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Algonquin, Illinois Bank for SBA Loans
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Borrow Money to Buy a Jimmy John's FranchiseNeed a loan to buy a Jimmy John's franchise? Home St. Bank/natl Association has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Algonquin, Illinois needed money to invest in a Jimmy John's franchise back in 2004. Home St. Bank/natl Association issued an SBA franchise loan. Here are the details on this Illinois small business loan. SBA Loan Borrower JIMMY JOHN'S (SUBLICIOUS SUBS, SBA Loan Lender HOME ST. BANK/NATL ASSOCIATION This lender issued this particular debt financing under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 2/2/2004 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Jimmy John's franchise. At the time of the loan, the company had 9 employees. The loan application did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? 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: Jimmy John's Gourmet Sandwiches Find an SBA Lender in Crystal Lake, Illinois
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