Borrow Money to Buy a Celebrity Kids Portrait Studio Franchise

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

An entrepreneur in Naperville, Illinois needed money to invest in a Celebrity Kids Portrait Studio franchise back in 2005. Jpmorgan Chase Bank issued an SBA franchise loan. Here are the details on this Illinois small business loan.

SBA Loan Borrower

CELEBRITY KIDS PORTRAIT STUDIO
NAPERVILLE, IL 60564

SBA Loan Lender

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

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541921 - Photography Studios, Portrait

Loan Approval Date

10/12/2005

Loan Approval Gross Amount

$308,500

Loan Approval from the SBA

Of the total $308,500 loan amount, the SBA guaranteed $231,375.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Celebrity Kids Portrait Studio franchise. At the time of the loan, the company had 3 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 1 existing job.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $308,500 loan. Remember, fight for what you want, and it will be yours!

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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