Jpmorgan Chase Bank Provides SBA Loan to Buy Kiddie Academy Franchise
Borrowing money to purchase a Kiddie Academy franchise? Jpmorgan Chase Bank has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in New Albany, Ohio needed money to invest in a Kiddie Academy franchise back in 2005. Jpmorgan Chase Bank issued an SBA franchise loan. Here are the details on this Ohio small business loan.
SBA Loan Borrower
KIDDIE ACADEMY OF LEWIS CENTER
NEW ALBANY, OH 43054
SBA Loan Lender
JPMORGAN CHASE BANK
811 RUSK ST., 16TH FL
HOUSTON, TX 77002
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
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
7/6/2005
Loan Approval Gross Amount
$175,000
Loan Approval from the SBA
Of the total $175,000 loan amount, the SBA guaranteed $87,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Kiddie Academy franchise. At the time of the loan, the company
had 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Jpmorgan Chase Bank and they will explain how you can get an SBA loan for your company.
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:
Kiddie Academy Domestic Franchising, LLC
The Friends and Family Network
SBA 7A Banks in Houston, Texas
SBA Lenders in Texas