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April 24, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Ottawa, Business Loans > Centrue Financial Corporation Ottawa Business Loans > Jimmy John's Loan | ||||
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Small Business Banks for Lombard Small Business Owners
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Illinois Entrepreneur Secures Financing to Buy Jimmy John's FranchiseBorrowing money to buy a Jimmy John's franchise? Centrue Financial Corporation has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Jimmy John's franchise is doable. In 2002, Centrue Financial Corporation issued an SBA franchise loan to an entrepreneur in Lombard, Illinois. Because Jimmy John's was registered with the SBA's registry of franchises, this Illinois small business loan was issued on an expedited basis. SBA Loan Borrower JIMMY JOHN'S SBA Loan Lender CENTRUE FINANCIAL CORPORATION 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 11/13/2002 Loan Approval Gross Amount $218,080 Loan Approval from the SBA Of the total $218,080 loan amount, the SBA guaranteed $163,560. 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 6 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. We can help you find the best banks for small businesses in Lombard or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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 SBA Participating Banks in Ottawa, Illinois
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