Borrow Money to Buy a Johnny's Lunch Franchise

Need a loan to buy a Johnny's Lunch franchise? Citizens First Savings Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Johnny's Lunch franchise? If so, here's a 2007 SBA franchise loan that you should know about. Citizens First Savings Bank was the lender and the entrepreneur was based in Shelby Township, Michigan.

SBA Loan Borrower

JOHNNYS LUNCH
SHELBY TOWNSHIP, MI 48315

SBA Loan Lender

CITIZENS FIRST SAVINGS BANK
525 WATER ST
PORT HURON, MI 48060

This lender provides SBA commercial 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

722110 - Full-Service Restaurants

Loan Approval Date

11/8/2007

Loan Approval Gross Amount

$204,000

Loan Approval from the SBA

Of the total $204,000 loan amount, the SBA guaranteed $153,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Johnny's Lunch franchise. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help generate 15 new jobs and retain 15 existing jobs.

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

Every year, the SBA guarantees over $10 billion for loans just like this one.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Citizens First Savings Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Johnny's Lunch

Bank Credit Lines

Small Bank Loans in Port Huron, Michigan

Michigan SBA 7A Lenders