Fort Wayne, IN Entrepreneur Gets SBA Loan to Buy Auntie Ann's soft Pretzels Franchise

Borrowing money to buy an Auntie Ann's soft Pretzels franchise? Jpmorgan Chase Bank has a history of making these loans and they are guaranteed by the SBA.

Auntie Ann's soft Pretzels franchise loans are available to Fort Wayne, Indiana entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Jpmorgan Chase Bank, based in Houston, Texas, issued an SBA franchise loan for an Auntie Ann's soft Pretzels franchise in 2001. We've got all the details on this Indiana small business loan.

SBA Loan Borrower

AUNTIE ANNE'S SOFT PRETZELS
FORT WAYNE, IN 46804

SBA Loan Lender

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

This lender provides SBA debt financing 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

722211 - Limited-Service Restaurants

Loan Approval Date

6/27/2001

Loan Approval Gross Amount

$178,700

Loan Approval from the SBA

Of the total $178,700 loan amount, the SBA guaranteed $134,025.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Auntie Ann's soft Pretzels franchise. At the time of the loan, the company had 55 employees. The SBA loan documents indicated that the loan would help generate 8 new jobs and retain 8 existing jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a company in Fort Wayne IN, you ought to talk with a local Fort Wayne SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Fort Wayne businesses.

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.

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