Harris National Association Provides SBA Loan to Buy Jimmy John's Franchise

Need money to buy a Jimmy John's franchise? Harris National Association 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 2007 SBA franchise loan that you should know about. Harris National Association was the lender and the entrepreneur was based in Algonquin, Illinois.

SBA Loan Borrower

BROTHERS GORDON II, INC.
ALGONQUIN, IL 60102

SBA Loan Lender

HARRIS NATIONAL ASSOCIATION
111 W MONROE ST
CHICAGO, IL 60603

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

4/25/2007

Loan Approval Gross Amount

$274,100

Loan Approval from the SBA

Of the total $274,100 loan amount, the SBA guaranteed $205,575.

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 25 employees. The SBA loan application for the borrower indicated that the loan would help generate 25 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start a small business or need money to grow a business, an SBA loan can be a great way to raise money

We can help you find the best banks for small businesses in Algonquin 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.

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