Partners Bank Provides SBA Loan to Buy Jimmy John's Franchise

Need a loan to invest in a Jimmy John's franchise? Partners Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Jimmy John's franchise is doable. In 2002, Partners Bank issued an SBA franchise loan to an entrepreneur in Belleville, 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

NEVER A DOUBT, INC.
BELLEVILLE, IL 62223

SBA Loan Lender

PARTNERS BANK
#1 GINGER CREEK MEADOWS
GLEN CARBON, IL 62034

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

3/14/2002

Loan Approval Gross Amount

$128,526

Loan Approval from the SBA

Of the total $128,526 loan amount, the SBA guaranteed $109,247.

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 12 employees. The SBA loan documents did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Partners Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Partners Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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