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April 18, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Houston, Business Loans > Jpmorgan Chase Bank Houston Business Loans > Jimmy John's Loan | ||||
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Where to Get a Small Business Loan to Purchase a Franchise
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Michigan Entrepreneur Secures Financing to Buy Jimmy John's FranchiseNeed a loan to buy a Jimmy John's franchise? Jpmorgan Chase Bank has a history of making these loans and they are guaranteed by the SBA. If you live near New Baltimore, Michigan and are interested in buying a Jimmy John's franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Jpmorgan Chase Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower JIMMY JOHN'S SBA Loan Lender JPMORGAN CHASE BANK This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 722211 - Limited-Service Restaurants Loan Approval Date 3/5/2004 Loan Approval Gross Amount $232,800 Loan Approval from the SBA Of the total $232,800 loan amount, the SBA guaranteed $116,400. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Jimmy John's franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 20 new jobs and retain 1 existing job. 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. If you need to find money for a business, 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. Related Links: Jimmy John's Gourmet Sandwiches Where to Get an SBA Loan Texas
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