Newport, KY Entrepreneur Gets SBA Loan to Buy Celebrity Kids Portrait Studio Franchise

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

Celebrity Kids Portrait Studio franchise loans are available to Newport, Kentucky 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 Celebrity Kids Portrait Studio franchise in 2004. We've got all the details on this Kentucky small business loan.

SBA Loan Borrower

PASCHAL, PASCHAL AND SCHRODER
NEWPORT, KY 41076

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

541921 - Photography Studios, Portrait

Loan Approval Date

7/30/2004

Loan Approval Gross Amount

$229,000

Loan Approval from the SBA

Of the total $229,000 loan amount, the SBA guaranteed $114,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Celebrity Kids Portrait Studio franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Jpmorgan Chase Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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Celebrity Kids Portrait Studio

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