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April 24, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Philadelphia, Business Loans > Citizens Bank Of Pennsylvania Philadelphia Business Loans > Jimmy John's Loan | ||||
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How to Get SBA Loans in Pittsburgh, Pennsylvania
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Pennsylvania Entrepreneur Secures Financing to Buy Jimmy John's FranchiseNeed money to buy a Jimmy John's franchise? Citizens Bank Of Pennsylvania has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Pittsburgh, Pennsylvania needed money to invest in a Jimmy John's franchise back in 2004. Citizens Bank Of Pennsylvania issued an SBA franchise loan. Here are the details on this Pennsylvania small business loan. SBA Loan Borrower JIMMY JOHN'S SBA Loan Lender CITIZENS BANK OF PENNSYLVANIA The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 3/15/2004 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $12,500. 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 SBA loan application for the borrower indicated that the loan would help generate 5 new jobs and retain 10 existing jobs. Start the Process for Getting an SBA Loan Today! Although it's called an SBA loan, you 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. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Citizens Bank Of Pennsylvania so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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 Obtaining Funding From a Venture Capitalist Small Business Banks in Philadelphia, Pennsylvania
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