Loan to Buy Jersey Mike's deli Restaurant Franchise Issued By Self-Help Cu

Need a loan to purchase a Jersey Mike's deli Restaurant franchise? Self-Help Cu has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Asheville, North Carolina needed money to invest in a Jersey Mike's deli Restaurant franchise back in 2002. Self-Help Cu issued an SBA franchise loan. Here are the details on this North Carolina small business loan.

SBA Loan Borrower

JERSEY MIKE'S SUBS
ASHEVILLE, NC 28803

SBA Loan Lender

SELF-HELP CU
301 W MAIN ST
DURHAM, NC 27701

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

6/11/2002

Loan Approval Gross Amount

$143,400

Loan Approval from the SBA

Of the total $143,400 loan amount, the SBA guaranteed $121,890.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Jersey Mike's deli Restaurant franchise. At the time of the loan, the company had 10 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great way to raise money

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $143,400 loan. Remember, things become real when you believe you can achieve them!

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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SBA Banks in Durham, North Carolina

SBA North Carolina Lenders