Illinois Entrepreneur Secures Financing to Buy Wireless Toyz Franchise

Need a loan to buy a Wireless Toyz franchise? Jpmorgan Chase Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Elmwood Park, Illinois needed money to invest in a Wireless Toyz franchise back in 2005. Jpmorgan Chase Bank issued an SBA franchise loan. Here are the details on this Illinois small business loan.

SBA Loan Borrower

WIRELESS TOYZ
ELMWOOD PARK, IL 60707

SBA Loan Lender

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

This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453998 - Store Retailers

Loan Approval Date

2/9/2005

Loan Approval Gross Amount

$122,100

Loan Approval from the SBA

Of the total $122,100 loan amount, the SBA guaranteed $91,575.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Wireless Toyz franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 1 new job and retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Wireless Toyz

Small Business Credit Cards

Small Business Banks in Houston, Texas

Texas SBA 7A Lenders