Loan to Buy Your Dollar Store With More Franchise Issued By Jpmorgan Chase Bank

Need money to buy a Your Dollar Store With More franchise? Jpmorgan Chase Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Your Dollar Store With More franchise shouldn't be too tough. In 2003, Jpmorgan Chase Bank issued an SBA franchise loan to an entrepreneur in Gahanna, Ohio. Because Your Dollar Store With More was registered with the SBA's registry of franchises, this Ohio small business loan was issued on an expedited basis.

SBA Loan Borrower

YOUR DOLLAR STORE WITH MORE
GAHANNA, OH 43230

SBA Loan Lender

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

This lender issued this business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453998 - Store Retailers

Loan Approval Date

3/14/2003

Loan Approval Gross Amount

$101,600

Loan Approval from the SBA

Of the total $101,600 loan amount, the SBA guaranteed $86,360.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Your Dollar Store With More franchise. At the time of the loan, the company had 4 employees. The SBA loan documents indicated that the loan would help retain 4 existing jobs.

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

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $101,600 loan. Remember, things become real when you believe you can achieve them!

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:

Your Dollar Store with More

Business Cash Advances

Best Houston, Texas Banks for Small Business

Getting a Business Loan in Texas