Borrow Money to Buy a Jersey Mike's deli Restaurant Franchise
Need money to purchase a Jersey Mike's deli Restaurant franchise? Unity Bank has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in West Columbia, South Carolina needed money to invest in a Jersey Mike's deli Restaurant franchise back in 2005. Unity Bank issued an SBA franchise loan. Here are the details on this South Carolina small business loan.
SBA Loan Borrower
JERSEY MIKE'S
WEST COLUMBIA, SC 29169
SBA Loan Lender
UNITY BANK
64 OLD HWY 22
CLINTON, NJ 08809
The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide debt financing to to entrepreneurs who might have trouble getting a conventional bank loan.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
8/24/2005
Loan Approval Gross Amount
$180,000
Loan Approval from the SBA
Of the total $180,000 loan amount, the SBA guaranteed $135,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Jersey Mike's deli Restaurant franchise. At the time of the loan, the company
had only one employee. The SBA loan application for the borrower did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.
Next Steps for Getting an SBA Loan
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $180,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?
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
How to Raise Money
Best Banks in Clinton, New Jersey
Getting an SBA Loan in New Jersey