Jpmorgan Chase Bank Provides SBA Loan to Buy Tubby's Sub Shop Franchise

Need money to purchase a Tubby's Sub Shop franchise? Jpmorgan Chase Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Detroit, Michigan needed money to invest in a Tubby's Sub Shop franchise back in 2001. Jpmorgan Chase Bank issued an SBA franchise loan. Here are the details on this Michigan small business loan.

SBA Loan Borrower

TUBBY'S SUB SHOP
DETROIT, MI 48207

SBA Loan Lender

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

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453110 - Florists

Loan Approval Date

6/6/2001

Loan Approval Gross Amount

$184,500

Loan Approval from the SBA

Of the total $184,500 loan amount, the SBA guaranteed $138,375.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Tubby's Sub Shop franchise. At the time of the loan, the company had 4 employees. The loan application indicated that the loan would help generate 4 new jobs and retain 5 existing jobs.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

While you may be able to find business people willing to loan money, 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.

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