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April 23, 2024  
 
 
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Ohio Small Business Funding for Franchises

 

 
Loan Census SBA Loan Info

Ohio Entrepreneur Secures Financing to Buy Visiting Angels Franchise

Need a loan to buy a Visiting Angels franchise? Jpmorgan Chase Bank has a history of making these loans and they are guaranteed by the SBA.

Visiting Angels franchise loans are available to Akron, 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 Visiting Angels franchise in 2003. We've got all the details on this Ohio small business loan.

SBA Loan Borrower

LIVING ASSISTANCE SERVICES INC
AKRON, OH 44305

SBA Loan Lender

JPMORGAN CHASE BANK
811 RUSK ST., 16TH FL
HOUSTON, TX 77002

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

623990 - Residential Care Facilities

Loan Approval Date

1/27/2003

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $21,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Visiting Angels franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 42 new jobs and retain 44 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are raising money in Akron OH, you ought to talk with a local Akron SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Akron businesses.

We've showcased information on this loan to let you know that businesses like yours 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.

Related Links:

Visiting Angels

Realistic Debt Financing Options

SBA Approved Banks in Houston, Texas

Getting a Business Loan in Texas