Temple Hills, MD Entrepreneur Gets SBA Loan to Buy Jerry's Sub Shop Franchise

Need money to buy a Jerry's Sub Shop franchise? Uniti Bank has a history of making these loans and they are guaranteed by the SBA.

Jerry's Sub Shop franchise loans are available to Temple Hills, Maryland entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Uniti Bank, based in Buena Park, California, issued an SBA franchise loan for a Jerry's Sub Shop franchise in 2006. We've got all the details on this Maryland small business loan.

SBA Loan Borrower

JERRY'S SUBS & PIZZA
TEMPLE HILLS, MD 20748

SBA Loan Lender

UNITI BANK
6301 BEACH BLVD, STE 100
BUENA PARK, CA 90621

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

5/12/2006

Loan Approval Gross Amount

$700,000

Loan Approval from the SBA

Of the total $700,000 loan amount, the SBA guaranteed $525,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Jerry's Sub Shop franchise. At the time of the loan, the company had 13 employees. The SBA loan documents indicated that the loan would help retain 13 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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.

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