Ohio Entrepreneur Secures Financing to Buy Moe's Sw Grill Franchise

Need a loan to buy a Moe's Sw Grill franchise? Jpmorgan Chase Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Moe's Sw Grill franchise is doable. In 2004, Jpmorgan Chase Bank issued an SBA franchise loan to an entrepreneur in Fairlawn, Ohio. Because Moe's Sw Grill was registered with the SBA's registry of franchises, this Ohio small business loan was issued on an expedited basis.

SBA Loan Borrower

MOE'S SOUTHWEST GRILL
FAIRLAWN, OH 44333

SBA Loan Lender

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

This lender processed this SBA loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

722211 - Limited-Service Restaurants

Loan Approval Date

4/22/2004

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $125,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Moe's Sw Grill franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help generate 20 new jobs and retain 3 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start business in Fairlawn OH, you ought to talk with a local Fairlawn SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Fairlawn businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $250,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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