National City Bank Provides SBA Loan to Buy Elliott's Off-Broadway Deli Franchise

Need a loan to invest in an Elliott's Off-Broadway Deli franchise? National City Bank has a history of making these loans and they are guaranteed by the SBA.

Elliott's Off-Broadway Deli franchise loans are available to Elk Grove Village, Illinois entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, National City Bank, based in Indianapolis, Indiana, issued an SBA franchise loan for an Elliott's Off-Broadway Deli franchise in 2003. We've got all the details on this Illinois small business loan.

SBA Loan Borrower

ELLIOTT'S OFF BROADWAY DELICAT
ELK GROVE VILLAGE, IL 60007

SBA Loan Lender

NATIONAL CITY BANK
101 W WASHINGTON ST # 100 E
INDIANAPOLIS, IN 46255

This lender issued this particular SBA small business loan 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

722110 - Full-Service Restaurants

Loan Approval Date

2/13/2003

Loan Approval Gross Amount

$94,400

Loan Approval from the SBA

Of the total $94,400 loan amount, the SBA guaranteed $80,240.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Elliott's Off-Broadway Deli franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like National City Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

How Much Venture Capital Is There?

Who Lends Money to Small Businesses in Indianapolis, Indiana

Where to Get an SBA Loan Indiana