Michigan Entrepreneur Secures Financing to Buy Jets Pizza Franchise
Borrowing money to purchase a Jets Pizza franchise? National City Bank has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy a Jets Pizza franchise is doable. In 2003, National City Bank issued an SBA franchise loan to an entrepreneur in Milford, Michigan. Because Jets Pizza was registered with the SBA's registry of franchises, this Michigan small business loan was issued on an expedited basis.
SBA Loan Borrower
JET'S PIZZA
MILFORD, MI 48381
SBA Loan Lender
NATIONAL CITY BANK
2595 WAUKEGAN RD
BANNOCKBURN, IL 60015
This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
3/24/2003
Loan Approval Gross Amount
$50,000
Loan Approval from the SBA
Of the total $50,000 loan amount, the SBA guaranteed $25,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Jets Pizza franchise. At the time of the loan, the company
had 20 employees. The SBA loan documents indicated that the loan would help retain 20 existing jobs.
Start the Process for Getting an SBA Loan Today!
Every year, the SBA guarantees over $10 billion for loans just like this one.
We can help you find the best banks for small businesses in Milford or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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:
Jet's Pizza
Direct Public Offerings
SBA 7A Banks in Bannockburn, Illinois
SBA Lenders in Illinois