Loan to Buy Jerry's Sub Shop Franchise Issued By Valley National Bank

Borrowing money to purchase a Jerry's Sub Shop franchise? Valley National Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near College Park, Maryland and are interested in buying a Jerry's Sub Shop franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2002 by Valley National Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

JERRY'S SUBS AND PIZZA
COLLEGE PARK, MD 20740

SBA Loan Lender

VALLEY NATIONAL BANK
1334 RTE 22 EAST
NORTH PLAINFIELD, NJ 07060

This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

6/25/2002

Loan Approval Gross Amount

$247,900

Loan Approval from the SBA

Of the total $247,900 loan amount, the SBA guaranteed $185,925.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Jerry's Sub Shop franchise. At the time of the loan, the company had 16 employees. The loan application indicated that the loan would help retain 16 existing jobs.

Getting an SBA Loan For Your Business

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

We can help you find the best banks for small businesses in College Park 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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