National City Bank Provides SBA Loan to Buy Jimmy John's Franchise

Need money to buy a Jimmy John's franchise? National City Bank has a history of making these loans and they are guaranteed by the SBA.

Jimmy John's franchise loans are available to Dearborn Heights, Michigan entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, National City Bank, based in Indianapolis, Indiana, issued an SBA franchise loan for a Jimmy John's franchise in 2007. We've got all the details on this Michigan small business loan.

SBA Loan Borrower

JIMMY JOHN'S
DEARBORN HEIGHTS, MI 48127

SBA Loan Lender

NATIONAL CITY BANK
ONE NATIONAL CITY CENTER, STE
INDIANAPOLIS, IN 46255

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

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

8/28/2007

Loan Approval Gross Amount

$437,500

Loan Approval from the SBA

Of the total $437,500 loan amount, the SBA guaranteed $328,125.

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 32 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 30 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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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