Oak Park, IL Entrepreneur Gets SBA Loan to Buy Jim Dandy's Pizza Franchise

Borrowing money to purchase a Jim Dandy's Pizza franchise? Associated Bank has a history of making these loans and they are guaranteed by the SBA.

Jim Dandy's Pizza franchise loans are available to Oak Park, Illinois entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Associated Bank, based in Rockford, Illinois, issued an SBA franchise loan for a Jim Dandy's Pizza franchise in 2003. We've got all the details on this Illinois small business loan.

SBA Loan Borrower

JIMMY JOHN'S GOURMET SANDWICH
OAK PARK, IL 60301

SBA Loan Lender

ASSOCIATED BANK
612 N MAIN ST
ROCKFORD, IL 61103

This lender issued this particular bank 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

722211 - Limited-Service Restaurants

Loan Approval Date

4/16/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Jim Dandy's Pizza franchise. At the time of the loan, the company had 7 employees. The loan application did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

This SBA loan was for $150,000. How would you spend $150,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Investor Turnoffs

SBA Participating Banks in Rockford, Illinois

Illinois SBA 7A Lenders