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April 17, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Streator, Business Loans > Centrue Bank Streator Business Loans > Jimmy Johns Loan | ||||
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How Can I Buy a Franchise in Batavia, Illinois?
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Centrue Bank Provides SBA Loan to Buy Jimmy John's FranchiseNeed money to invest in a Jimmy John's franchise? Centrue Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Jimmy John's franchise? If so, here's a 2000 SBA franchise loan that you should know about. Centrue Bank was the lender and the entrepreneur was based in Batavia, Illinois. SBA Loan Borrower JIMMY JOHNS SBA Loan Lender CENTRUE BANK This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 10/19/2000 Loan Approval Gross Amount $210,000 Loan Approval from the SBA Of the total $210,000 loan amount, the SBA guaranteed $157,500. 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 4 employees. The SBA loan documents indicated that the loan would help generate 14 new jobs and retain 4 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. While you may be able to borrow money from friends and family, 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: Jimmy John's Gourmet Sandwiches Obtaining Funding - How to Borrow Money Who Lends Money to Small Businesses in Streator, Illinois
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