Jpmorgan Chase Bank Provides SBA Loan to Buy 1-800-Radiator Franchise

Borrowing money to invest in a 1-800-Radiator franchise? Jpmorgan Chase Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Oklahoma City, Oklahoma needed money to invest in a 1-800-Radiator franchise back in 2006. Jpmorgan Chase Bank issued an SBA franchise loan. Here are the details on this Oklahoma small business loan.

SBA Loan Borrower

DEVAULT'S LLC
OKLAHOMA CITY, OK 73107

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

441310 - Automotive Parts and Accessories Stores

Loan Approval Date

7/28/2006

Loan Approval Gross Amount

$202,800

Loan Approval from the SBA

Of the total $202,800 loan amount, the SBA guaranteed $101,400.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a 1-800-Radiator franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

1-800-Radiator

Dealing With Venture Capitalists

SBA Participating Banks in Houston, Texas

Where to Get an SBA Loan Texas