Dallas, TX Entrepreneur Gets SBA Loan to Buy Closet Factory the Franchise

Need money to purchase a Closet Factory the franchise? Jpmorgan Chase Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Dallas, Texas needed money to invest in a Closet Factory the franchise back in 2004. Jpmorgan Chase Bank issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

THE CLOSET FACTORY
DALLAS, TX 75234

SBA Loan Lender

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

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

339111 -

Loan Approval Date

7/21/2004

Loan Approval Gross Amount

$612,300

Loan Approval from the SBA

Of the total $612,300 loan amount, the SBA guaranteed $459,225.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Closet Factory the franchise. At the time of the loan, the company had 22 employees. The SBA loan documents indicated that the loan would help retain 22 existing jobs.

Getting an SBA Loan For Your Business

If you are working on finding money to start a business in Dallas TX, you ought to talk with a local Dallas SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Dallas businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Jpmorgan Chase Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Jpmorgan Chase Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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