Jpmorgan Chase Bank Provides SBA Loan to Buy P J's Coffee And Tea Cafe Franchise

Need money to purchase a P J's Coffee And Tea Cafe franchise? Jpmorgan Chase Bank has a history of making these loans and they are guaranteed by the SBA.

P J's Coffee And Tea Cafe franchise loans are available to La Place, Louisiana entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Jpmorgan Chase Bank, based in Houston, Texas, issued an SBA franchise loan for a P J's Coffee And Tea Cafe franchise in 2003. We've got all the details on this Louisiana small business loan.

SBA Loan Borrower

PJ'S COFFEE & TEA CO
LA PLACE, LA 70068

SBA Loan Lender

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

This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

4/28/2003

Loan Approval Gross Amount

$140,000

Loan Approval from the SBA

Of the total $140,000 loan amount, the SBA guaranteed $119,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a P J's Coffee And Tea Cafe franchise. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the loan would help retain 4 existing jobs.

Next Steps for Getting an SBA Loan

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

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Jpmorgan Chase Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Jpmorgan Chase Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

P.J.'s Coffee

Microlending as a Small Business Funding Source

SBA 7A Banks for Houston, Texas Loans

Getting an SBA Loan in Texas