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April 19, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Saint Cloud, Business Loans > Stearns Bank Saint Cloud Business Loans > Jimmy John's Loan | ||||
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Ohio Small Business Funding for Franchises
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Loan to Buy Jimmy John's Franchise Issued By Stearns BankNeed a loan to buy a Jimmy John's franchise? Stearns Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Canton, Ohio needed money to invest in a Jimmy John's franchise back in 2006. Stearns Bank issued an SBA franchise loan. Here are the details on this Ohio small business loan. SBA Loan Borrower JIMMY JOHN'S SBA Loan Lender STEARNS BANK This business loan was provided by financing institution with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan applications to the SBA get more expeditious service from the SBA on their loan applications. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 3/23/2006 Loan Approval Gross Amount $95,000 Loan Approval from the SBA Of the total $95,000 loan amount, the SBA guaranteed $80,750. 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 15 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Stearns Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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 Where to Get an SBA Loan in Saint Cloud, Minnesota Browse All Business Loan Sources for Minnesota
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