Borrow Money to Buy a Jimmy John's Franchise

Borrowing money to purchase a Jimmy John's franchise? Bridgeview Bank Group has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Jimmy John's franchise may simply require a phone call to a local SBA banker. In 2003, Bridgeview Bank Group issued an SBA franchise loan to an entrepreneur in Oswego, 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
OSWEGO, IL 60543

SBA Loan Lender

BRIDGEVIEW BANK GROUP
7940 S HARLEM AVE
BRIDGEVIEW, IL 60455

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide commercial loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

12/3/2003

Loan Approval Gross Amount

$205,000

Loan Approval from the SBA

Of the total $205,000 loan amount, the SBA guaranteed $153,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Jimmy John's franchise. At the time of the loan, the company had 10 employees. The loan application did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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

The Art of Bootstrapping

SBA 7A Banks for Bridgeview, Illinois Loans

Getting an SBA Loan in Illinois