 |
 |
May 4, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Ohio Business Loan Sources > Houston, Business Loans > Jpmorgan Chase Bank Houston Business Loans > Handel's Ice Cream & Marcus,Lt Loan | ||||
 |
||||
How to Get SBA Loans in Massillon, Ohio
|
||||
 |
Massillon, OH Entrepreneur Gets SBA Loan to Buy Handel's Ice Cream FranchiseBorrowing money to buy a Handel's Ice Cream franchise? Jpmorgan Chase Bank has a history of making these loans and they are guaranteed by the SBA. Handel's Ice Cream franchise loans are available to Massillon, Ohio entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Jpmorgan Chase Bank, based in Houston, Texas, issued an SBA franchise loan for a Handel's Ice Cream franchise in 2001. We've got all the details on this Ohio small business loan. SBA Loan Borrower HANDEL'S ICE CREAM & MARCUS,LT SBA Loan Lender JPMORGAN CHASE BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 9/25/2001 Loan Approval Gross Amount $361,000 Loan Approval from the SBA Of the total $361,000 loan amount, the SBA guaranteed $270,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Handel's Ice Cream franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help retain 2 existing jobs. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Jpmorgan Chase Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Good Banks for Small Business in Houston, Texas Browse All Business Loan Sources for Texas
|
|
||
|
||||
|
|
||||