Borrow Money to Buy a Jersey Mike's deli Restaurant Franchise

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

Jersey Mike's deli Restaurant franchise loans are available to Fort Mill, South Carolina entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Business Devel Corp - So. Caro, based in Columbia, South Carolina, issued an SBA franchise loan for a Jersey Mike's deli Restaurant franchise in 2002. We've got all the details on this South Carolina small business loan.

SBA Loan Borrower

JERSEY MIKE'S SUBS
FORT MILL, SC 29715

SBA Loan Lender

BUSINESS DEVEL CORP - SO. CARO
111 EXEC CENTER DR, STE 225
COLUMBIA, SC 29221

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

12/9/2002

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Jersey Mike's deli Restaurant franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 10 new jobs and retain 1 existing job.

Next Steps for Getting an SBA Loan

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

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Business Devel Corp - So. Caro are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.

Related Links:

Jersey Mike's Submarines & Salads

Business Line of Credit

Find an SBA Lender in Columbia, South Carolina

Find an SBA Lender in South Carolina