Borrow Money to Buy an Elliott's Off-Broadway Deli Franchise

Borrowing money to buy an Elliott's Off-Broadway Deli franchise? Shorebank has a history of making these loans and they are guaranteed by the SBA.

Elliott's Off-Broadway Deli franchise loans are available to Des Plaines, Illinois entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Shorebank, based in Bellwood, Illinois, issued an SBA franchise loan for an Elliott's Off-Broadway Deli franchise in 2003. We've got all the details on this Illinois small business loan.

SBA Loan Borrower

ELLIOTT'S OFF BROADWAY DELI
DES PLAINES, IL 60016

SBA Loan Lender

SHOREBANK
219 S MANNHEIM RD
BELLWOOD, IL 60104

This lender issued this particular loan for a small business under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

8/4/2003

Loan Approval Gross Amount

$94,000

Loan Approval from the SBA

Of the total $94,000 loan amount, the SBA guaranteed $79,900.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Elliott's Off-Broadway Deli franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

Don't apply for a loan directly with the SBA. You need to 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.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.

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Small Business Banks in Bellwood, Illinois

Illinois SBA Bank Lenders