Maryland Entrepreneur Secures Financing to Buy Jerry's Sub Shop Franchise

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

Jerry's Sub Shop franchise loans are available to Gaithersburg, Maryland entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Sandy Spring Bank, based in Olney, Maryland, issued an SBA franchise loan for a Jerry's Sub Shop franchise in 2003. We've got all the details on this Maryland small business loan.

SBA Loan Borrower

RFJ MGT DBA JERRY'S SUBS&PIZZA
GAITHERSBURG, MD 20877

SBA Loan Lender

SANDY SPRING BANK
17801 GEORGIA AVE
OLNEY, MD 20832

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

11/24/2003

Loan Approval Gross Amount

$340,000

Loan Approval from the SBA

Of the total $340,000 loan amount, the SBA guaranteed $255,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Jerry's Sub Shop franchise. At the time of the loan, the company had 22 employees. The SBA loan documents did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Sandy Spring Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Jerry's Subs and Pizza

Financing Your Business

Who Lends Money to Small Businesses in Olney, Maryland

SBA Lenders in Maryland