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April 28, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Houston, Business Loans > Jpmorgan Chase Bank Houston Business Loans > Mr Rooter Of Central Kentucky Loan | ||||
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Good Sources for Lexington SBA Loans
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Kentucky Entrepreneur Secures Financing to Buy Mr. Rooter FranchiseBorrowing money to buy a Mr. Rooter franchise? Jpmorgan Chase Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Mr. Rooter franchise may simply require a phone call to a local SBA banker. In 2003, Jpmorgan Chase Bank issued an SBA franchise loan to an entrepreneur in Lexington, Kentucky. Because Mr. Rooter was registered with the SBA's registry of franchises, this Kentucky small business loan was issued on an expedited basis. SBA Loan Borrower MR ROOTER OF CENTRAL KENTUCKY SBA Loan Lender JPMORGAN CHASE BANK The lender provided this SBA 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 235110 - Plumbing, Heating, and Air Conditioning Contractors Loan Approval Date 12/2/2003 Loan Approval Gross Amount $122,500 Loan Approval from the SBA Of the total $122,500 loan amount, the SBA guaranteed $61,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Mr. Rooter franchise. At the time of the loan, the company had 21 employees. The SBA loan application for the borrower indicated that the loan would help generate 5 new jobs and retain 26 existing jobs. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. 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: Dealing With Venture Capitalists SBA 7A Lenders in Houston, Texas
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