Loan to Buy Jimmy John's Franchise Issued By Sterling Bank

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

Getting money to buy a Jimmy John's franchise is doable. In 2007, Sterling Bank issued an SBA franchise loan to an entrepreneur in Mansfield, Texas. Because Jimmy John's was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

JIMMY JOHN'S WORLD'S GREATEST
MANSFIELD, TX 76063

SBA Loan Lender

STERLING BANK
2550 N LOOP WEST
HOUSTON, TX 77092

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

6/15/2007

Loan Approval Gross Amount

$296,900

Loan Approval from the SBA

Of the total $296,900 loan amount, the SBA guaranteed $222,675.

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 2 employees. The loan application indicated that the funding would help generate 16 new jobs.

Getting an SBA Loan For Your Business

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

This SBA loan was for $296,900. How would you spend $296,900 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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Texas SBA Banks