Jpmorgan Chase Bank Provides SBA Loan to Buy Ritter's Frozen Custard Franchise

Borrowing money to purchase a Ritter's Frozen Custard franchise? Jpmorgan Chase Bank has a history of making these loans and they are guaranteed by the SBA.

Ritter's Frozen Custard franchise loans are available to Shelbyville, Indiana 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 Ritter's Frozen Custard franchise in 2003. We've got all the details on this Indiana small business loan.

SBA Loan Borrower

RITTER'S FROZEN CUSTARD
SHELBYVILLE, IN 46176

SBA Loan Lender

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

This SBA 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

453998 - Store Retailers

Loan Approval Date

10/24/2003

Loan Approval Gross Amount

$178,500

Loan Approval from the SBA

Of the total $178,500 loan amount, the SBA guaranteed $89,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Ritter's Frozen Custard franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 15 new jobs and retain 1 existing job.

Next Steps for Getting an SBA Loan

If you have been wondering how do i get money to start a business in Shelbyville IN, you ought to talk with a local Shelbyville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Shelbyville businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Jpmorgan Chase Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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