Delray Beach, FL Entrepreneur Gets SBA Loan to Buy Jersey Mike's deli Restaurant Franchise

Borrowing money to buy a Jersey Mike's deli Restaurant franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Jersey Mike's deli Restaurant franchise requires some effort but others before you have been successful. In 2001, Cit Small Business Lending Corp issued an SBA franchise loan to an entrepreneur in Delray Beach, Florida. Because Jersey Mike's deli Restaurant was registered with the SBA's registry of franchises, this Florida small business loan was issued on an expedited basis.

SBA Loan Borrower

JERSEY MIKE'S SUBS
DELRAY BEACH, FL 33483

SBA Loan Lender

CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

10/11/2001

Loan Approval Gross Amount

$194,500

Loan Approval from the SBA

Of the total $194,500 loan amount, the SBA guaranteed $145,875.

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 indicated that the borrowed money would help generate 10 new jobs.

Start the Process for Getting an SBA Loan Today!

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.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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

Obtaining Funding - How to Borrow Money

Small Bank Loans in Livingston, New Jersey

SBA New Jersey Banks