Livernois Road, MI Entrepreneur Gets SBA Loan to Buy Kiddie Academy Franchise

Need a loan to buy a Kiddie Academy 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 Kiddie Academy franchise? If so, here's a 2002 SBA franchise loan that you should know about. Jpmorgan Chase Bank was the lender and the entrepreneur was based in Livernois Road, Michigan.

SBA Loan Borrower

KIDDIE ACADEMY OF ROCHESTER H
LIVERNOIS ROAD, MI 48307

SBA Loan Lender

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

This small business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

624410 - Child Day Care Services

Loan Approval Date

3/20/2002

Loan Approval Gross Amount

$92,300

Loan Approval from the SBA

Of the total $92,300 loan amount, the SBA guaranteed $46,150.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Kiddie Academy franchise. At the time of the loan, the company had 13 employees. The loan application indicated that the loan would help generate 12 new jobs and retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

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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