Loan to Buy Jack-In-The-Box Franchise Issued By Cit Small Business Lending Corp

Need money to invest in a Jack-In-The-Box franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Jack-In-The-Box franchise shouldn't be too tough. In 2003, Cit Small Business Lending Corp issued an SBA franchise loan to an entrepreneur in China Lake (naval Weapons Cent, California. Because Jack-In-The-Box was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.

SBA Loan Borrower

JACK IN THE BOX 3537 CHINO HIL
CHINA LAKE (NAVAL WEAPONS CENT, CA 91709

SBA Loan Lender

CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

9/17/2003

Loan Approval Gross Amount

$469,000

Loan Approval from the SBA

Of the total $469,000 loan amount, the SBA guaranteed $351,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Jack-In-The-Box franchise. At the time of the loan, the company had 21 employees. This SBA loan request indicated that the funding would help generate 21 new jobs.

Getting an SBA Loan For Your Business

If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great source of funding.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? 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:

Jack in the Box Inc.

Getting a Small Business Loan

Find an SBA Lender in Livingston, New Jersey

SBA Lenders in New Jersey