Tennessee Entrepreneur Secures Financing to Buy Jersey Mike's deli Restaurant Franchise

Need money to invest in a Jersey Mike's deli Restaurant franchise? Insouth Bank has a history of making these loans and they are guaranteed by the SBA.

Jersey Mike's deli Restaurant franchise loans are available to Memphis, Tennessee entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Insouth Bank, based in Memphis, Tennessee, issued an SBA franchise loan for a Jersey Mike's deli Restaurant franchise in 2005. We've got all the details on this Tennessee small business loan.

SBA Loan Borrower

JERSEY MIKE'S
MEMPHIS, TN 38138

SBA Loan Lender

INSOUTH BANK
6141 WALNUT GROVE RD
MEMPHIS, TN 38120

This loan for a small business was underwritten by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a complete analysis of the loan application and, in return, SBA provides a rapid loan approval or denial response.

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

7/14/2005

Loan Approval Gross Amount

$240,000

Loan Approval from the SBA

Of the total $240,000 loan amount, the SBA guaranteed $180,000.

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 31 employees. The SBA loan documents did not indicate that the company planned to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Insouth Bank and they will explain how you can get an SBA loan for your company.

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

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SBA Participating Banks in Memphis, Tennessee

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