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April 24, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Bannockburn, Business Loans > National City Bank Bannockburn Business Loans > Lankes-Jansen Investments, LLC Loan | ||||
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I Need an SBA Loan to Buy a Franchise in Pleasant Ridge, Michigan
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Michigan Entrepreneur Secures Financing to Buy Jimmy John's FranchiseNeed money to buy a Jimmy John's franchise? National City Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Jimmy John's franchise? If so, here's a 2004 SBA franchise loan that you should know about. National City Bank was the lender and the entrepreneur was based in Pleasant Ridge, Michigan. SBA Loan Borrower LANKES-JANSEN INVESTMENTS, LLC SBA Loan Lender NATIONAL CITY BANK This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 8/4/2004 Loan Approval Gross Amount $172,000 Loan Approval from the SBA Of the total $172,000 loan amount, the SBA guaranteed $86,000. 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 2 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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 A Company That Helps Entrepreneurs Best Banks for Small Business in Bannockburn, Illinois
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