Texas Entrepreneur Secures Financing to Buy Philly Connection Franchise

Borrowing money to buy a Philly Connection franchise? Jpmorgan Chase Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Philly Connection franchise? If so, here's a 2004 SBA franchise loan that you should know about. Jpmorgan Chase Bank was the lender and the entrepreneur was based in Houston, Texas.

SBA Loan Borrower

PHILLY CHEESESTEAK CONNECTION
HOUSTON, TX 77092

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

561599 - Travel Arrangement and Reservation Services

Loan Approval Date

4/27/2004

Loan Approval Gross Amount

$84,700

Loan Approval from the SBA

Of the total $84,700 loan amount, the SBA guaranteed $71,995.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Philly Connection franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 16 new jobs and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

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.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Jpmorgan Chase Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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