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November 21, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Houston, Business Loans > Jpmorgan Chase Bank Houston Business Loans > Papa John's Loan | ||||
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Arizona Small Business Funding for Franchises
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Borrow Money to Buy a Papa John's Pizza FranchiseNeed money to invest in a Papa John's Pizza franchise? Jpmorgan Chase Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Papa John's Pizza franchise is doable. In 2004, Jpmorgan Chase Bank issued an SBA franchise loan to an entrepreneur in Bullhead City, Arizona. Because Papa John's Pizza was registered with the SBA's registry of franchises, this Arizona small business loan was issued on an expedited basis. SBA Loan Borrower PAPA JOHN'S SBA Loan Lender JPMORGAN CHASE BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 3/18/2004 Loan Approval Gross Amount $128,000 Loan Approval from the SBA Of the total $128,000 loan amount, the SBA guaranteed $108,800. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Papa John's Pizza franchise. At the time of the loan, the company had 35 employees. The SBA loan application for the borrower indicated that the loan would help retain 35 existing jobs. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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. Related Links: Raising VC Money for Social Networking Companies Best Banks for Small Business in Houston, Texas
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