The Park National Bank Provides SBA Loan to Buy Jersey Mike's deli Restaurant Franchise

Borrowing money to invest in a Jersey Mike's deli Restaurant franchise? The Park National Bank has a history of making these loans and they are guaranteed by the SBA.

Jersey Mike's deli Restaurant franchise loans are available to Blacklick, Ohio entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, The Park National Bank, based in Newark, Ohio, issued an SBA franchise loan for a Jersey Mike's deli Restaurant franchise in 2005. We've got all the details on this Ohio small business loan.

SBA Loan Borrower

JERSEY MIKES
BLACKLICK, OH 43004

SBA Loan Lender

THE PARK NATIONAL BANK
50 N 3RD ST
NEWARK, OH 43055

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

10/17/2005

Loan Approval Gross Amount

$185,000

Loan Approval from the SBA

Of the total $185,000 loan amount, the SBA guaranteed $138,750.

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. This SBA loan request did not indicate that the small business planned to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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

Related Links:

Jersey Mike's Submarines & Salads

Understanding Dilution

SBA 7A Banks for Newark, Ohio Loans

SBA Participating Banks in Ohio