Illinois Entrepreneur Secures Financing to Buy Jimmy John's Franchise
Need a loan to purchase a Jimmy John's franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Matteson, Illinois needed money to invest in a Jimmy John's franchise back in 2007. Comerica Bank issued an SBA franchise loan. Here are the details on this Illinois small business loan.
SBA Loan Borrower
JIMMY JOHN'S GOURMET SANDWICHE
MATTESON, IL 60443
SBA Loan Lender
COMERICA BANK
1717 MAIN
DALLAS, TX 75201
This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
5/18/2007
Loan Approval Gross Amount
$300,000
Loan Approval from the SBA
Of the total $300,000 loan amount, the SBA guaranteed $225,000.
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. This SBA loan request indicated that the loan would help generate 10 new jobs and retain 12 existing jobs.
Getting an SBA Loan For Your Business
Every year, the SBA guarantees over $10 billion for loans just like this one.
While you may be able to borrow money from friends and family, 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.
Related Links:
Jimmy John's Gourmet Sandwiches
How to Raise Money
Find an SBA Lender in Dallas, Texas
SBA Lenders in Texas