Cincinnati, OH Entrepreneur Gets SBA Loan to Buy Jersey Mike's deli Restaurant Franchise

Borrowing money to invest in a Jersey Mike's deli Restaurant franchise? The Huntington National Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Jersey Mike's deli Restaurant franchise may simply require a phone call to a local SBA banker. In 2005, The Huntington National Bank issued an SBA franchise loan to an entrepreneur in Cincinnati, Ohio. Because Jersey Mike's deli Restaurant was registered with the SBA's registry of franchises, this Ohio small business loan was issued on an expedited basis.

SBA Loan Borrower

MELCORP LLC DBA JERSEY MIKE'S BLUE ASH
Cincinnati, OH 45242

SBA Loan Lender

THE HUNTINGTON NATIONAL BANK
7 EASTON OVAL
COLUMBUS, OH 43219

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

6/24/2005

Loan Approval Gross Amount

$119,500

Loan Approval from the SBA

Of the total $119,500 loan amount, the SBA guaranteed $101,575.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Jersey Mike's deli Restaurant franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 5 existing jobs.

Start the Process for Getting an SBA Loan Today!

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like The Huntington National Bank and they will explain how you can get an SBA loan for your company.

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:

Jersey Mike's Submarines & Salads

Microlending as a Small Business Funding Source

Where to Get an SBA Loan in Columbus, Ohio

Getting an SBA Loan in Ohio