Illinois Entrepreneur Secures Financing to Buy Elliott's Off-Broadway Deli Franchise

Need money to purchase an Elliott's Off-Broadway Deli franchise? Shorebank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an Elliott's Off-Broadway Deli franchise shouldn't be too tough. In 2004, Shorebank issued an SBA franchise loan to an entrepreneur in Oak Brook, Illinois. Because Elliott's Off-Broadway Deli was registered with the SBA's registry of franchises, this Illinois small business loan was issued on an expedited basis.

SBA Loan Borrower

ELLIOTT'S OFF BROADWAY DELI
OAK BROOK, IL 60123

SBA Loan Lender

SHOREBANK
219 S MANNHEIM RD
BELLWOOD, IL 60104

This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

4/15/2004

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $34,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Elliott's Off-Broadway Deli franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.

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

If you are wondering how to raise money for a business in Oak Brook IL, you ought to talk with a local Oak Brook SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Oak Brook businesses.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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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