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November 23, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Houston, Business Loans > Jpmorgan Chase Bank Houston Business Loans > Little Gym Of Baton Rouge, Inc. Loan | ||||
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Good Sources for Baton Rouge SBA Loans
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Borrow Money to Buy a Little Gym FranchiseNeed money to invest in a Little Gym franchise? Jpmorgan Chase Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Baton Rouge, Louisiana needed money to invest in a Little Gym franchise back in 2007. Jpmorgan Chase Bank issued an SBA franchise loan. Here are the details on this Louisiana small business loan. SBA Loan Borrower LITTLE GYM OF BATON ROUGE, INC. SBA Loan Lender JPMORGAN CHASE BANK 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 713940 - Fitness and Recreational Sports Centers Loan Approval Date 6/1/2007 Loan Approval Gross Amount $16,300 Loan Approval from the SBA Of the total $16,300 loan amount, the SBA guaranteed $8,150. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Little Gym franchise. At the time of the loan, the company had 7 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 7 existing jobs. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $16,300 loan. Remember, you control your own destiny. 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: Best Banks for Small Business in Houston, Texas
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