Jpmorgan Chase Bank Provides SBA Loan to Buy Images 4 Kids Franchise

Need money to buy an Images 4 Kids franchise? Jpmorgan Chase Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Gurnee, Illinois needed money to invest in an Images 4 Kids franchise back in 2007. Jpmorgan Chase Bank issued an SBA franchise loan. Here are the details on this Illinois small business loan.

SBA Loan Borrower

PICTURE DAY MEMORIES, INC.
GURNEE, IL 60031

SBA Loan Lender

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

The lender provided this small business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

541921 - Photography Studios, Portrait

Loan Approval Date

5/30/2007

Loan Approval Gross Amount

$66,400

Loan Approval from the SBA

Of the total $66,400 loan amount, the SBA guaranteed $33,200.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Images 4 Kids franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the funding would help create 2 new jobs.

Next Steps for Getting an SBA Loan

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.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Jpmorgan Chase Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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