Loan Census Banking News and Information
April 25, 2024  
 
 
  Business Loan Information  
 

Ohio Small Business Funding for Franchises

 

 
Loan Census SBA Loan Info

Loan to Buy Tony Roma's pizza Franchise Issued By Jpmorgan Chase Bank

Need a loan to buy a Tony Roma's pizza franchise? Jpmorgan Chase Bank has a history of making these loans and they are guaranteed by the SBA.

Tony Roma's pizza franchise loans are available to Hinckley, 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 Tony Roma's pizza franchise in 2004. We've got all the details on this Ohio small business loan.

SBA Loan Borrower

TONY ROMA'S BRUNSWICK
HINCKLEY, OH 44233

SBA Loan Lender

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

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

722110 - Full-Service Restaurants

Loan Approval Date

4/7/2004

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Tony Roma's pizza franchise. At the time of the loan, the company had 100 employees. This SBA loan request indicated that the loan would help generate 99 new jobs and retain 1 existing job.

Getting an SBA Loan For Your 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.

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 $100,000 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:

Tony Roma's

504 Loans

Best Banks for Small Business in Houston, Texas

Texas SBA Bank Lenders